JAKKS Pacific (NASDAQ:JAKK) Research Coverage Started at Maxim Group

Maxim Group initiated coverage on shares of JAKKS Pacific (NASDAQ:JAKK) in a report released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $46.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Small Cap Consu raised shares of JAKKS Pacific to a strong-buy rating in a research report on Tuesday, July 16th. StockNews.com cut JAKKS Pacific from a buy rating to a hold rating in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $42.00.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $23.60 on Monday. The firm has a market capitalization of $254.90 million, a PE ratio of 8.68 and a beta of 2.37. The business’s fifty day moving average price is $20.16 and its 200 day moving average price is $22.03. JAKKS Pacific has a 12 month low of $15.30 and a 12 month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.22). The business had revenue of $148.62 million for the quarter, compared to analyst estimates of $162.42 million. JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. As a group, equities analysts anticipate that JAKKS Pacific will post 2.65 EPS for the current year.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen bought 10,088 shares of JAKKS Pacific stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of $17.58 per share, with a total value of $177,347.04. Following the completion of the acquisition, the insider now owns 1,885,672 shares of the company’s stock, valued at $33,150,113.76. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JAKKS Pacific

Several large investors have recently modified their holdings of the stock. Lazard Asset Management LLC increased its stake in JAKKS Pacific by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after buying an additional 1,020 shares during the period. Bank of New York Mellon Corp increased its stake in shares of JAKKS Pacific by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock worth $1,152,000 after acquiring an additional 1,363 shares during the period. nVerses Capital LLC purchased a new position in JAKKS Pacific during the second quarter worth about $25,000. Russell Investments Group Ltd. lifted its position in JAKKS Pacific by 37.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after purchasing an additional 1,494 shares during the period. Finally, Rhumbline Advisers boosted its holdings in JAKKS Pacific by 15.4% in the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after purchasing an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.