JAKKS Pacific (NASDAQ:JAKK) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a hold rating to a buy rating in a research report report published on Saturday morning.

Separately, Zacks Research cut shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Down 2.0%

JAKK opened at $20.32 on Friday. The firm has a market cap of $232.46 million, a price-to-earnings ratio of 23.91 and a beta of 1.58. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $26.49. The business’s 50 day moving average is $18.93 and its two-hundred day moving average is $18.03.

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.00 annualized dividend and a yield of 4.9%. JAKKS Pacific’s dividend payout ratio is currently 117.65%.

Institutional Trading of JAKKS Pacific

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. acquired a new position in shares of JAKKS Pacific in the third quarter valued at approximately $25,000. EMC Capital Management acquired a new stake in shares of JAKKS Pacific during the second quarter worth $28,000. State of Alaska Department of Revenue purchased a new position in JAKKS Pacific in the 4th quarter valued at $32,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in JAKKS Pacific in the 3rd quarter valued at $46,000. Finally, Quarry LP acquired a new position in JAKKS Pacific in the 3rd quarter valued at $51,000. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

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.