JAKKS Pacific (NASDAQ:JAKK) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded JAKKS Pacific from “buy” to “strong-buy.” Other analysts have also improved their ratings, giving the stock a consensus “Moderate Buy” rating and a $57.00 target price.
• JAKK shares opened at $31.39, near their 52-week high of $33.22, with a market capitalization of approximately $361.6 million and a P/E ratio of 14.74.
• Institutional investors and hedge funds hold 44.38% of JAKKS Pacific, with several firms—including Gabelli Funds and Gamco Investors—recently increasing their positions.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday, Wall Street Zen reports.

Several other equities analysts have also recently issued reports on JAKK. Zacks Research upgraded JAKKS Pacific from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Maxim Group upped their target price on shares of JAKKS Pacific from $27.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Finally, Weiss Ratings raised shares of JAKKS Pacific from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, JAKKS Pacific presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.00.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $31.39 on Friday. JAKKS Pacific has a 52-week low of $14.86 and a 52-week high of $33.22. The stock has a market cap of $361.61 million, a price-to-earnings ratio of 14.74 and a beta of 1.32. The firm has a fifty day moving average of $26.67 and a 200-day moving average of $23.02.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors have recently modified their holdings of JAKK. Dimensional Fund Advisors LP raised its position in shares of JAKKS Pacific by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company's stock worth $11,344,000 after buying an additional 5,153 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in shares of JAKKS Pacific in the 2nd quarter valued at approximately $4,784,000. Gabelli Funds LLC increased its stake in shares of JAKKS Pacific by 46.1% during the first quarter. Gabelli Funds LLC now owns 188,492 shares of the company's stock valued at $3,755,000 after purchasing an additional 59,473 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in JAKKS Pacific by 79.0% in the first quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company's stock worth $2,091,000 after buying an additional 46,322 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in JAKKS Pacific by 9.5% in the 1st quarter. Empowered Funds LLC now owns 64,318 shares of the company's stock worth $1,281,000 after buying an additional 5,577 shares in the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that develops, designs, produces and markets toys, games, seasonal products and related merchandise. Its product portfolio includes action figures, dolls, roleplay toys, dress-up and costume products, plush items, outdoor and sports toys, games, and other products for children and families.

The company markets products under its own brands, including Maui, Disguise and Moose Mountain, as well as through licensing and strategic partnerships with entertainment and consumer brands.

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