JAKKS Pacific (NASDAQ:JAKK) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks reports. Zacks Research also issued estimates for JAKKS Pacific’s Q3 2027 earnings at $2.19 EPS and FY2028 earnings at $2.82 EPS.

Several other analysts have also recently issued reports on JAKK. Wall Street Zen raised JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of JAKKS Pacific in a report on Friday, September 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

JAKKS Pacific Stock Down 1.6%

Shares of JAKKS Pacific stock opened at $24.42 on Tuesday. JAKKS Pacific has a twelve month low of $14.86 and a twelve month high of $27.22. The business has a 50-day moving average price of $25.05 and a 200-day moving average price of $22.92. The firm has a market cap of $279.36 million, a price-to-earnings ratio of 17.57 and a beta of 1.39.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, July 23rd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.31. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%.The company had revenue of $139.24 million for the quarter, compared to the consensus estimate of $123.01 million. On average, equities analysts expect that JAKKS Pacific will post 1.38 EPS for the current fiscal year.

JAKKS Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. JAKKS Pacific’s dividend payout ratio (DPR) is presently 71.94%.

Institutional Investors Weigh In On JAKKS Pacific

Several large investors have recently added to or reduced their stakes in JAKK. Royal Bank of Canada raised its position in JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after purchasing an additional 1,745 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of JAKKS Pacific by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock worth $249,000 after purchasing an additional 1,288 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of JAKKS Pacific by 43.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock valued at $279,000 after purchasing an additional 5,000 shares during the last quarter. Sei Investments Co. increased its position in shares of JAKKS Pacific by 34.4% during the 1st quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock valued at $358,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in JAKKS Pacific by 63.4% during the 1st quarter. Quantinno Capital Management LP now owns 20,317 shares of the company’s stock valued at $405,000 after buying an additional 7,885 shares during the period. 44.38% of the stock is owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that designs, develops, produces and markets toys and related products for children and families. Its portfolio includes action figures, dolls, role-play products, vehicles, games, electronics, outdoor products and seasonal merchandise.

The company develops products under its own brands and through licenses based on entertainment, character and video game properties. Its portfolio has included brands such as Maui, Airwalk and Disguise, along with licensed products associated with properties from companies including Disney and Nintendo.