JAKKS Pacific (NASDAQ:JAKK) Downgraded by StockNews.com

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.

Several other research analysts have also recently commented on the company. TheStreet cut JAKKS Pacific from a "b" rating to a "c+" rating in a research note on Friday, March 1st. Ascendiant Capital Markets lowered their target price on JAKKS Pacific from $41.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 1st.

JAKKS Pacific Trading Down 3.3 %

JAKK stock traded down $0.65 during midday trading on Friday, hitting $19.08. 183,640 shares of the company's stock were exchanged, compared to its average volume of 125,033. The business has a 50-day simple moving average of $25.26 and a two-hundred day simple moving average of $27.83. The stock has a market capitalization of $206.06 million, a PE ratio of 7.01 and a beta of 2.34. JAKKS Pacific has a 1-year low of $15.30 and a 1-year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported ($1.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.91). JAKKS Pacific had a net margin of 4.29% and a return on equity of 19.07%. The firm had revenue of $90.08 million during the quarter, compared to analyst estimates of $104.12 million. As a group, research analysts expect that JAKKS Pacific will post 3.89 EPS for the current fiscal year.

Institutional Trading of JAKKS Pacific

A number of institutional investors have recently bought and sold shares of the business. Simplicity Wealth LLC purchased a new stake in JAKKS Pacific during the 1st quarter worth about $460,000. Quadrature Capital Ltd purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $1,355,000. Corsair Capital Management L.P. lifted its holdings in shares of JAKKS Pacific by 26.8% in the 4th quarter. Corsair Capital Management L.P. now owns 15,146 shares of the company's stock valued at $538,000 after purchasing an additional 3,200 shares during the last quarter. Soviero Asset Management LP purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $711,000. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $313,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.

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