StockNews.com Downgrades JAKKS Pacific (NASDAQ:JAKK) to Hold

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

Several other research firms have also weighed in on JAKK. Ascendiant Capital Markets reduced their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. TheStreet downgraded shares of JAKKS Pacific from a “b” rating to a “c+” rating in a report on Friday, March 1st.

JAKKS Pacific Trading Down 3.3 %

Shares of NASDAQ JAKK opened at $19.08 on Friday. The firm has a market capitalization of $206.03 million, a PE ratio of 7.01 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 is $25.26 and its 200-day moving average is $27.90.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 4.29% and a return on equity of 18.85%. As a group, equities research analysts anticipate that JAKKS Pacific will post 3.89 earnings per share for the current fiscal year.

Institutional Trading of JAKKS Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of JAKKS Pacific by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 38,579 shares of the company’s stock valued at $717,000 after purchasing an additional 768 shares during the last quarter. Simplicity Solutions LLC raised its holdings in shares of JAKKS Pacific by 5.4% in the third quarter. Simplicity Solutions LLC now owns 19,213 shares of the company’s stock valued at $357,000 after purchasing an additional 991 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of JAKKS Pacific by 37.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after purchasing an additional 1,494 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of JAKKS Pacific by 11.0% in the third quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company’s stock valued at $317,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Corsair Capital Management L.P. raised its holdings in shares of JAKKS Pacific by 26.8% in the fourth quarter. Corsair Capital Management L.P. now owns 15,146 shares of the company’s stock valued at $538,000 after purchasing an additional 3,200 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.