JAKKS Pacific (NASDAQ:JAKK) Stock Crosses Above 200 Day Moving Average – Should You Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.37 and traded as high as $21.11. JAKKS Pacific shares last traded at $21.01, with a volume of 70,133 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on JAKK. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, JAKKS Pacific currently has a consensus rating of “Hold”.

JAKKS Pacific Trading Up 4.2%

The company has a market capitalization of $240.35 million, a P/E ratio of 24.72 and a beta of 1.65. The business’s fifty day moving average price is $19.70 and its 200-day moving average price is $18.37.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter. JAKKS Pacific had a return on equity of 3.85% and a net margin of 1.73%.The company had revenue of $127.11 million for the quarter. As a group, equities research analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, February 27th. JAKKS Pacific’s payout ratio is currently 117.65%.

Hedge Funds Weigh In On JAKKS Pacific

A number of large investors have recently added to or reduced their stakes in JAKK. Hantz Financial Services Inc. purchased a new position in JAKKS Pacific in the 3rd quarter worth $25,000. State of Alaska Department of Revenue purchased a new position in JAKKS Pacific in the 4th quarter worth $32,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in JAKKS Pacific in the 3rd quarter worth $46,000. Quarry LP purchased a new position in JAKKS Pacific in the 3rd quarter worth $51,000. Finally, BNP Paribas Financial Markets raised its position in JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after purchasing an additional 1,871 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.