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

Key Points

• Donald Smith & Co. acquired 205,481 shares of JAKKS Pacific in the second quarter, worth approximately $4.8 million and representing about 1.8% of the company. Institutional investors collectively own 44.38% of JAKKS Pacific.
• JAKKS Pacific shares opened at $25.48, up 1.5%, with a market capitalization of roughly $291.5 million. The company reported quarterly revenue of $139.24 million and EPS of $0.25, significantly exceeding analyst estimates.
• The company declared a quarterly dividend of $0.25 per share, equal to a $1.00 annualized payout and a 3.9% yield. Analysts maintain a consensus “Hold” rating on the stock.

Donald Smith & CO. Inc. acquired a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 205,481 shares of the company's stock, valued at approximately $4,784,000. Donald Smith & CO. Inc. owned approximately 1.80% of JAKKS Pacific as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of JAKKS Pacific during the 2nd quarter valued at about $988,000. Bank of America Corp DE raised its holdings in shares of JAKKS Pacific by 1.3% during the first quarter. Bank of America Corp DE now owns 37,962 shares of the company's stock valued at $756,000 after purchasing an additional 494 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of JAKKS Pacific by 543.6% during the first 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 last quarter. Empowered Funds LLC lifted its position in JAKKS Pacific by 9.5% during the first quarter. Empowered Funds LLC now owns 64,318 shares of the company's stock valued at $1,281,000 after purchasing an additional 5,577 shares during the period. Finally, Quantinno Capital Management LP lifted its position in JAKKS Pacific by 63.4% during the first quarter. Quantinno Capital Management LP now owns 20,317 shares of the company's stock valued at $405,000 after purchasing an additional 7,885 shares during the period. Hedge funds and other institutional investors own 44.38% of the company's stock.

JAKKS Pacific Stock Up 1.5%

Shares of NASDAQ:JAKK opened at $25.48 on Friday. The stock has a market capitalization of $291.49 million, a PE ratio of 18.33 and a beta of 1.41. The firm's 50 day moving average price is $24.15 and its 200-day moving average price is $22.07. JAKKS Pacific, Inc. has a twelve month low of $14.86 and a twelve month high of $27.22.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $123.01 million. Analysts expect that JAKKS Pacific, Inc. will post 1.38 earnings per share for the current fiscal year.

JAKKS Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 28th. JAKKS Pacific's dividend payout ratio (DPR) is currently 71.94%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JAKK. Zacks Research raised shares of JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Weiss Ratings raised JAKKS Pacific from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 15th. Finally, Wall Street Zen downgraded JAKKS Pacific from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, JAKKS Pacific currently has a consensus rating of "Hold".

About JAKKS Pacific

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.

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