JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Markets Daily

JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $23.43 and traded as high as $28.60. JAKKS Pacific shares last traded at $28.23, with a volume of 127,023 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JAKK shares. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. Wall Street Zen upgraded shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JAKKS Pacific in a research report on Friday, September 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, JAKKS Pacific has an average rating of “Reduce”.

Get Our Latest Stock Report on JAKKS Pacific

JAKKS Pacific Price Performance

The firm has a market capitalization of $322.95 million, a price-to-earnings ratio of 20.31 and a beta of 1.32. The firm’s 50-day simple moving average is $25.35 and its 200 day simple moving average is $23.43.

JAKKS Pacific (NASDAQ:JAKK – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.31. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. The company had revenue of $139.24 million during the quarter, compared to the consensus estimate of $123.01 million. As a group, research analysts predict that JAKKS Pacific, Inc. will post 1.38 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Friday, August 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 3.5%. JAKKS Pacific’s dividend payout ratio (DPR) is currently 71.94%.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently added to or reduced their stakes in JAKK. Gate City Capital Management LLC boosted its stake in JAKKS Pacific by 47.6% during the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after purchasing an additional 252,337 shares during the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of JAKKS Pacific during the second quarter valued at about $4,784,000. Gabelli Funds LLC grew its position in JAKKS Pacific by 46.1% during the first quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after buying an additional 59,473 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in JAKKS Pacific during the fourth quarter valued at about $924,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of JAKKS Pacific by 79.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock valued at $2,091,000 after purchasing an additional 46,322 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

(Get Free Report)

JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.

The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.

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