JAKKS Pacific (NASDAQ:JAKK) Downgraded by StockNews.com

StockNews.com cut shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other equities analysts have also commented on the stock. TheStreet lowered shares of JAKKS Pacific from a b rating to a c+ rating in a research report on Friday, March 1st. Ascendiant Capital Markets lowered their price target on shares of JAKKS Pacific from $41.00 to $38.00 and set a buy rating for the company in a research report on Monday, April 1st.

JAKKS Pacific Trading Down 3.3 %

Shares of JAKK stock opened at $19.08 on Friday. The company has a market capitalization of $206.06 million, a PE ratio of 7.01 and a beta of 2.34. The firm has a fifty day simple moving average of $25.26 and a 200-day simple moving average of $27.97. JAKKS Pacific has a twelve month low of $15.30 and a twelve month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly 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 company had revenue of $90.08 million during the quarter, compared to analyst estimates of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.85%. Equities research analysts predict that JAKKS Pacific will post 3.89 EPS for the current year.

Institutional Trading of JAKKS Pacific

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in JAKKS Pacific in the third quarter valued at approximately $86,000. SG Americas Securities LLC acquired a new stake in JAKKS Pacific in the fourth quarter valued at approximately $192,000. Barclays PLC lifted its stake in JAKKS Pacific by 280.4% in the third quarter. Barclays PLC now owns 10,485 shares of the company’s stock valued at $195,000 after acquiring an additional 7,729 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 1,494 shares during the last quarter. Finally, Denali Advisors LLC acquired a new stake in JAKKS Pacific in the fourth quarter valued at approximately $203,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

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.