JAKKS Pacific (NASDAQ:JAKK) Upgraded at ValuEngine

JAKKS Pacific (NASDAQ:JAKK) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday, May 10th, ValuEngine reports.

Several other analysts also recently weighed in on the stock. DA Davidson decreased their price target on shares of JAKKS Pacific to $1.50 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Zacks Investment Research downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th.

Shares of NASDAQ:JAKK traded down $0.15 during trading hours on Friday, hitting $0.75. 59,935 shares of the company’s stock traded hands, compared to its average volume of 78,668. JAKKS Pacific has a 1 year low of $0.72 and a 1 year high of $3.33. The firm has a market capitalization of $20.04 million, a PE ratio of -0.60 and a beta of 1.26. The company has a debt-to-equity ratio of 7.11, a current ratio of 1.67 and a quick ratio of 1.27.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, May 9th. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.44). JAKKS Pacific had a negative net margin of 6.47% and a negative return on equity of 77.24%. The business had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $78.65 million. Equities research analysts expect that JAKKS Pacific will post -0.69 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in JAKKS Pacific by 0.8% in the first quarter. Renaissance Technologies LLC now owns 2,121,230 shares of the company’s stock worth $2,142,000 after buying an additional 17,030 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of JAKKS Pacific during the first quarter worth $37,000. Citigroup Inc. increased its position in shares of JAKKS Pacific by 81.2% during the fourth quarter. Citigroup Inc. now owns 146,282 shares of the company’s stock worth $215,000 after purchasing an additional 65,543 shares in the last quarter. Vanguard Group Inc. increased its position in shares of JAKKS Pacific by 10.9% during the third quarter. Vanguard Group Inc. now owns 989,352 shares of the company’s stock worth $2,523,000 after purchasing an additional 97,196 shares in the last quarter. Finally, Vanguard Group Inc increased its position in shares of JAKKS Pacific by 10.9% during the third quarter. Vanguard Group Inc now owns 989,352 shares of the company’s stock worth $2,523,000 after purchasing an additional 97,196 shares in the last quarter. 42.10% of the stock is owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It 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, inflatable environments, tents, and wagons.

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