JAKKS Pacific (NASDAQ:JAKK) Shares Cross Above 200-Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.80 and traded as high as $22.76. JAKKS Pacific shares last traded at $22.18, with a volume of 29,878 shares trading hands.

Analysts Set New Price Targets

JAKK has been the topic of a number of recent research reports. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Weiss Ratings raised shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

JAKKS Pacific Price Performance

The firm has a market cap of $246.99 million, a P/E ratio of 31.29 and a beta of 1.47. The stock’s 50-day simple moving average is $22.07 and its two-hundred day simple moving average is $19.87.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The business had revenue of $106.68 million for the quarter, compared to analysts’ expectations of $103.80 million. As a group, sell-side analysts expect that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. JAKKS Pacific’s payout ratio is 144.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Gate City Capital Management LLC increased its position in JAKKS Pacific by 47.6% during the fourth quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after acquiring an additional 252,337 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JAKKS Pacific by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company’s stock worth $11,344,000 after purchasing an additional 5,153 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of JAKKS Pacific by 4.7% in the third quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock worth $9,437,000 after purchasing an additional 22,844 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of JAKKS Pacific by 19.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after purchasing an additional 65,156 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of JAKKS Pacific in the third quarter worth about $6,812,000. 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.