JAKKS Pacific (NASDAQ:JAKK) Price Target Raised to $41.00

JAKKS Pacific (NASDAQ:JAKK) had its target price boosted by B. Riley from $37.00 to $41.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on JAKK. StockNews.com lowered JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Maxim Group assumed coverage on JAKKS Pacific in a research report on Monday, August 26th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $29.93 on Thursday. The stock’s fifty day moving average price is $25.35 and its two-hundred day moving average price is $21.58. JAKKS Pacific has a one year low of $17.06 and a one year high of $36.84. The firm has a market cap of $328.93 million, a price-to-earnings ratio of 11.00 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The firm had revenue of $321.61 million for the quarter, compared to analyst estimates of $303.44 million. On average, equities analysts anticipate that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Institutional Trading of JAKKS Pacific

Hedge funds have recently bought and sold shares of the business. Creative Planning purchased a new position in JAKKS Pacific during the second quarter worth about $527,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of JAKKS Pacific by 34.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock worth $2,733,000 after purchasing an additional 38,818 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of JAKKS Pacific by 75.9% in the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after purchasing an additional 116,519 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of JAKKS Pacific by 50.9% in the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in JAKKS Pacific by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after acquiring an additional 102,155 shares during the period. 44.38% of the stock is currently owned by institutional investors.

About JAKKS Pacific

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.