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

B. Riley started coverage on shares of JAKKS Pacific (NASDAQ:JAKK) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $37.00 target price on the stock.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of JAKKS Pacific from a buy rating to a hold rating in a research note on Monday, August 5th. Small Cap Consu upgraded shares of JAKKS Pacific to a strong-buy rating in a research note on Tuesday, July 16th. Finally, Maxim Group assumed coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They set a buy rating and a $46.00 target price on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $40.33.

JAKKS Pacific Stock Down 1.0 %

NASDAQ JAKK opened at $25.88 on Tuesday. The company has a 50 day moving average price of $22.34 and a two-hundred day moving average price of $21.05. JAKKS Pacific has a 12-month low of $15.30 and a 12-month high of $36.84. The stock has a market capitalization of $279.53 million, a PE ratio of 9.51 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share 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 firm had revenue of $148.62 million during the quarter, compared to analyst estimates of $162.42 million. As a group, equities analysts anticipate that JAKKS Pacific will post 2.18 EPS for the current year.

Institutional Investors Weigh In On JAKKS Pacific

Several institutional investors and hedge funds have recently bought and sold shares of JAKK. Russell Investments Group Ltd. increased its holdings in JAKKS Pacific by 37.1% in 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 period. Janney Montgomery Scott LLC lifted its position in JAKKS Pacific by 17.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,052 shares of the company’s stock valued at $713,000 after purchasing an additional 3,008 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in JAKKS Pacific by 56.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock valued at $4,254,000 after purchasing an additional 43,009 shares during the period. Privium Fund Management UK Ltd acquired a new position in JAKKS Pacific during the 4th quarter valued at about $313,000. Finally, Quadrature Capital Ltd acquired a new position in JAKKS Pacific during the 4th quarter valued at about $1,355,000. 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.