Donald Smith & CO. Inc. Acquires New Position in JAKKS Pacific, Inc. $JAKK

Donald Smith & CO. Inc. bought a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 2nd quarter, Holdings Channel reports. The fund bought 205,481 shares of the company’s stock, valued at approximately $4,784,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JAKK. State of Alaska Department of Revenue bought a new position in shares of JAKKS Pacific in the fourth quarter worth approximately $32,000. Royal Bank of Canada raised its position in shares of JAKKS Pacific by 543.6% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of JAKKS Pacific during the 3rd quarter valued at $46,000. Quarry LP purchased a new position in shares of JAKKS Pacific during the 3rd quarter valued at $51,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of JAKKS Pacific by 155.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after buying an additional 1,871 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JAKK shares. Wall Street Zen downgraded shares of JAKKS Pacific from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, JAKKS Pacific has an average rating of “Hold”.

JAKKS Pacific Price Performance

Shares of JAKK opened at $25.48 on Friday. The firm has a market cap of $291.49 million, a P/E ratio of 18.33 and a beta of 1.41. JAKKS Pacific, Inc. has a 1 year low of $14.86 and a 1 year high of $27.22. The company has a 50 day simple moving average of $24.15 and a two-hundred day simple moving average of $22.07.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, July 23rd. The company reported $0.25 EPS for the quarter, beating 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 firm had revenue of $139.24 million during the quarter, compared to the consensus estimate of $123.01 million. On average, sell-side analysts anticipate that JAKKS Pacific, Inc. will post 1.38 earnings per share for the current year.

JAKKS Pacific Announces Dividend

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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. JAKKS Pacific’s dividend payout ratio is presently 71.94%.

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.