Weiss Ratings Reaffirms Hold (C-) Rating for JAKKS Pacific (NASDAQ:JAKK)

Key Points

• Weiss Ratings has reiterated a Hold (C-) rating for JAKKS Pacific, following recent fluctuations in analyst assessments, including a downgrade by Zacks Research to a strong sell.
• As of the last reporting, JAKKS Pacific shares opened at $18.87, with a 52-week range between $16.24 and $35.79, and a consensus price target of $41.00.
• Institutional investors own 44.38% of JAKKS Pacific's stock, with notable increases in stakes from firms like Invesco and Sandia Investment Management.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently commented on the company. Zacks Research downgraded JAKKS Pacific from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Wall Street Zen lowered shares of JAKKS Pacific from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, JAKKS Pacific currently has an average rating of "Hold" and a consensus price target of $41.00.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $18.87 on Wednesday. The stock's 50 day moving average price is $17.84 and its 200 day moving average price is $19.59. JAKKS Pacific has a 52 week low of $16.24 and a 52 week high of $35.79. The company has a market capitalization of $210.34 million, a P/E ratio of 5.57 and a beta of 1.36.

Institutional Investors Weigh In On JAKKS Pacific

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. grew its stake in shares of JAKKS Pacific by 3.3% in the first quarter. Invesco Ltd. now owns 20,693 shares of the company's stock worth $510,000 after acquiring an additional 661 shares during the last quarter. Sandia Investment Management LP grew its stake in shares of JAKKS Pacific by 6.4% in the second quarter. Sandia Investment Management LP now owns 11,011 shares of the company's stock worth $229,000 after acquiring an additional 666 shares during the last quarter. Algert Global LLC grew its stake in shares of JAKKS Pacific by 7.6% in the first quarter. Algert Global LLC now owns 9,670 shares of the company's stock worth $239,000 after acquiring an additional 680 shares during the last quarter. Koss Olinger Consulting LLC grew its stake in shares of JAKKS Pacific by 3.8% in the first quarter. Koss Olinger Consulting LLC now owns 23,474 shares of the company's stock worth $579,000 after acquiring an additional 865 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of JAKKS Pacific in the first quarter worth $32,000. Institutional investors and hedge funds own 44.38% of the company's stock.

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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