JAKKS Pacific (NASDAQ:JAKK) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.99 and traded as high as $29.43. JAKKS Pacific shares last traded at $28.53, with a volume of 88,746 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JAKK. B. Riley increased their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group initiated coverage on JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 target price on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JAKKS Pacific presently has an average rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Trading Down 3.2 %

The company has a market capitalization of $313.54 million, a PE ratio of 10.49 and a beta of 2.31. The stock has a fifty day simple moving average of $26.19 and a 200-day simple moving average of $21.99.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The company had revenue of $321.61 million during the quarter, compared to the consensus estimate of $303.44 million. As a group, equities research analysts predict that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

Hedge Funds Weigh In On JAKKS Pacific

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its position in JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after purchasing an additional 1,020 shares during the period. Kovack Advisors Inc. boosted its stake in shares of JAKKS Pacific by 5.8% during the 3rd quarter. Kovack Advisors Inc. now owns 19,100 shares of the company’s stock worth $487,000 after acquiring an additional 1,050 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of JAKKS Pacific by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock worth $1,152,000 after acquiring an additional 1,363 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of JAKKS Pacific during the 2nd quarter worth approximately $25,000. Finally, Rhumbline Advisers boosted its stake in shares of JAKKS Pacific by 15.4% during the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after acquiring an additional 1,636 shares in the last quarter. 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.