JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives $42.00 Consensus Price Target from Brokerages

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have earned a consensus rating of “Buy” from the four research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $40.33.

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

JAKKS Pacific Stock Performance

JAKKS Pacific stock opened at $25.32 on Tuesday. The firm has a market cap of $273.48 million, a price-to-earnings ratio of 9.31 and a beta of 2.34. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84. The firm’s 50 day moving average price is $22.47 and its two-hundred day moving average price is $21.01.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The company had revenue of $148.62 million during the quarter, compared to analyst estimates of $162.42 million. As a group, equities analysts predict that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of JAKKS Pacific in the second quarter worth $25,000. Meeder Asset Management Inc. raised its stake in shares of JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after purchasing an additional 3,331 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 buying an additional 1,494 shares during the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $313,000. Finally, Lazard Asset Management LLC increased its holdings in JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

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.