JAKKS Pacific (NASDAQ:JAKK) Receives New Coverage from Analysts at B. Riley

B. Riley assumed coverage on shares of JAKKS Pacific (NASDAQ:JAKK) in a research note released on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $37.00 price target on the stock.

JAKK has been the subject of several other reports. Small Cap Consu raised shares of JAKKS Pacific to a strong-buy rating in a research note on Tuesday, July 16th. StockNews.com cut shares of JAKKS Pacific from a buy rating to a hold rating in a research note on Monday, August 5th. Finally, Maxim Group assumed coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a buy rating and a $46.00 price target for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $40.33.

JAKKS Pacific Stock Performance

NASDAQ JAKK opened at $25.88 on Tuesday. The business has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $21.05. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84. The stock has a market cap of $279.53 million, a price-to-earnings ratio of 9.51 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly 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 the consensus estimate of $162.42 million. JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. On average, analysts predict that JAKKS Pacific will post 2.18 EPS for the current year.

Institutional Investors Weigh In On JAKKS Pacific

Large investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new stake in shares of JAKKS Pacific in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its holdings in shares of JAKKS Pacific by 1,617.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after buying an additional 3,331 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in JAKKS Pacific by 37.1% during the 4th 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 last quarter. Privium Fund Management UK Ltd acquired a new stake in JAKKS Pacific during the 4th quarter valued at $313,000. Finally, Lazard Asset Management LLC lifted its holdings in JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors and hedge funds 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.