JAKKS Pacific (NASDAQ:JAKK) Lowered to “Hold” at StockNews.com

JAKKS Pacific (NASDAQ:JAKK) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on JAKK. TheStreet cut shares of JAKKS Pacific from a “b” rating to a “c+” rating in a report on Friday, March 1st. Ascendiant Capital Markets decreased their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 1st.

JAKKS Pacific Price Performance

NASDAQ:JAKK traded down $0.65 during trading hours on Friday, reaching $19.08. The company’s stock had a trading volume of 183,640 shares, compared to its average volume of 125,033. The company has a market cap of $206.06 million, a price-to-earnings ratio of 7.01 and a beta of 2.34. JAKKS Pacific has a one year low of $15.30 and a one year high of $36.84. The business’s 50-day moving average is $25.26 and its 200-day moving average is $27.83.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, April 24th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). The business had revenue of $90.08 million during the quarter, compared to the consensus estimate of $104.12 million. JAKKS Pacific had a return on equity of 19.07% and a net margin of 4.29%. On average, sell-side analysts predict that JAKKS Pacific will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in JAKKS Pacific by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 38,579 shares of the company’s stock worth $717,000 after buying an additional 768 shares during the last quarter. Simplicity Solutions LLC grew its stake in JAKKS Pacific by 5.4% during the third quarter. Simplicity Solutions LLC now owns 19,213 shares of the company’s stock worth $357,000 after buying an additional 991 shares during the last quarter. Russell Investments Group Ltd. grew its stake in JAKKS Pacific by 37.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock worth $196,000 after buying an additional 1,494 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in JAKKS Pacific by 11.0% during the third quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company’s stock worth $317,000 after buying an additional 1,689 shares during the last quarter. Finally, Corsair Capital Management L.P. grew its stake in JAKKS Pacific by 26.8% during the fourth quarter. Corsair Capital Management L.P. now owns 15,146 shares of the company’s stock worth $538,000 after buying an additional 3,200 shares during the last quarter. 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.