JAKKS Pacific (NASDAQ:JAKK) Price Target Raised to $41.00

JAKKS Pacific (NASDAQ:JAKK) had its price target lifted by B. Riley from $37.00 to $41.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Maxim Group assumed coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, StockNews.com cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, JAKKS Pacific has a consensus rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Trading Down 5.1 %

Shares of NASDAQ:JAKK opened at $29.93 on Thursday. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.84. The company’s 50 day moving average is $25.35 and its two-hundred day moving average is $21.58. The company has a market cap of $328.93 million, a PE ratio of 11.00 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. The firm had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. As a group, equities research analysts expect that JAKKS Pacific will post 2.18 EPS for the current year.

Hedge Funds Weigh In On JAKKS Pacific

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in JAKKS Pacific by 29.8% during the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after buying an additional 102,155 shares in the last quarter. Vanguard Group Inc. lifted its holdings in JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock valued at $9,272,000 after acquiring an additional 10,746 shares during the last quarter. AQR Capital Management LLC raised its holdings in JAKKS Pacific by 75.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after buying an additional 116,519 shares during the period. LSV Asset Management raised its holdings in JAKKS Pacific by 40.3% during the 1st quarter. LSV Asset Management now owns 212,380 shares of the company’s stock worth $5,246,000 after buying an additional 60,977 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of JAKKS Pacific by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after purchasing an additional 27,046 shares during the period. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

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.