JAKKS Pacific (NASDAQ:JAKK) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• JAKKS Pacific's stock crossed above its 200-day moving average, trading as high as $19.86 and last at $19.50 versus the 200-day MA of $18.15 on Wednesday with volume of 103,321 shares.
• The company announced a quarterly dividend of $0.25 (annualized $1.00), implying a 5.1% yield, but the dividend payout ratio is very high at 117.65%, suggesting potential sustainability concerns.
• Analyst coverage is mixed—recent upgrades from Zacks and Wall Street Zen exist but MarketBeat shows a consensus rating of "Hold"—while several institutional investors (e.g., Rockefeller, Invesco, Corient) have recently increased or initiated stakes, with institutions owning 44.38% of the stock.

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.15 and traded as high as $19.86. JAKKS Pacific shares last traded at $19.50, with a volume of 103,321 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on JAKK shares. Zacks Research upgraded shares of JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Wall Street Zen upgraded shares of JAKKS Pacific from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

JAKKS Pacific Trading Down 1.9%

The firm has a 50-day moving average of $19.40 and a 200-day moving average of $18.15. The stock has a market capitalization of $223.16 million, a price-to-earnings ratio of 22.94 and a beta of 1.58.

JAKKS Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, February 27th. JAKKS Pacific's dividend payout ratio (DPR) is presently 117.65%.

Institutional Investors Weigh In On JAKKS Pacific

A number of large investors have recently bought and sold shares of JAKK. Rockefeller Capital Management L.P. lifted its stake in JAKKS Pacific by 43.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company's stock valued at $279,000 after acquiring an additional 5,000 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter worth $924,000. Invesco Ltd. increased its stake in shares of JAKKS Pacific by 9.3% in the fourth quarter. Invesco Ltd. now owns 26,772 shares of the company's stock worth $452,000 after acquiring an additional 2,274 shares during the period. Sandia Investment Management LP raised its holdings in shares of JAKKS Pacific by 47.5% during the fourth quarter. Sandia Investment Management LP now owns 16,236 shares of the company's stock worth $274,000 after purchasing an additional 5,225 shares during the last quarter. Finally, Kovack Advisors Inc. raised its holdings in shares of JAKKS Pacific by 56.7% during the fourth quarter. Kovack Advisors Inc. now owns 23,246 shares of the company's stock worth $392,000 after purchasing an additional 8,408 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.