JAKKS Pacific (NASDAQ:JAKK) Given New $41.00 Price Target at B. Riley

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

Several other equities analysts have also issued reports on JAKK. Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. StockNews.com downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Maxim Group started coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific Price Performance

Shares of JAKK traded down $0.87 during mid-day trading on Thursday, reaching $30.68. The company had a trading volume of 62,995 shares, compared to its average volume of 100,738. The company has a market capitalization of $337.17 million, a P/E ratio of 11.60 and a beta of 2.34. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $36.84. The company’s 50-day moving average is $25.22 and its 200-day moving average is $21.53.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.36. The firm had revenue of $321.61 million during the quarter, compared to analysts’ expectations of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 16.44%. As a group, equities analysts expect that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position 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 worth $7,961,000 after acquiring an additional 102,155 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of JAKKS Pacific by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after buying an additional 10,746 shares in the last quarter. AQR Capital Management LLC boosted its stake in JAKKS Pacific by 75.9% in the second 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. LSV Asset Management boosted its stake in shares of JAKKS Pacific by 40.3% in the 1st quarter. LSV Asset Management now owns 212,380 shares of the company’s stock valued at $5,246,000 after purchasing an additional 60,977 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in JAKKS Pacific by 16.3% in the second quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after buying an additional 27,046 shares in the last quarter. Institutional investors and hedge funds 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.