JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives $40.33 Consensus Price Target from Brokerages

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have earned a consensus recommendation of “Buy” from the four analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $40.33.

Several research firms recently issued reports on JAKK. StockNews.com downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th. B. Riley started coverage on shares of JAKKS Pacific in a report on Tuesday, September 17th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Maxim Group assumed coverage on JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 price target for the company.

JAKKS Pacific Stock Performance

JAKKS Pacific stock opened at $26.08 on Friday. The firm has a 50 day moving average price of $24.18 and a two-hundred day moving average price of $21.23. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84. The firm has a market cap of $281.69 million, a price-to-earnings ratio of 9.59 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 (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.22). JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. The business had revenue of $148.62 million during the quarter, compared to analyst estimates of $162.42 million. As a group, equities research analysts predict that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Institutional Trading of JAKKS Pacific

Several institutional investors and hedge funds have recently modified their holdings of JAKK. Creative Planning purchased a new position in shares of JAKKS Pacific during the 2nd quarter valued at about $527,000. Pacific Ridge Capital Partners LLC raised its holdings in shares of JAKKS Pacific by 34.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock valued at $2,733,000 after buying an additional 38,818 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of JAKKS Pacific by 75.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock valued at $4,835,000 after buying an additional 116,519 shares in the last quarter. Sei Investments Co. raised its holdings in shares of JAKKS Pacific by 50.9% during the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after buying an additional 4,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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 buying an additional 102,155 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.