Zacks Research Boosts Earnings Estimates for JAKKS Pacific

JAKKS Pacific, Inc. (NASDAQ:JAKK) – Equities researchers at Zacks Research lifted their FY2027 EPS estimates for JAKKS Pacific in a note issued to investors on Wednesday, September 23rd. Zacks Research analyst Team now expects that the company will post earnings per share of $1.91 for the year, up from their previous forecast of $1.90. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for JAKKS Pacific’s current full-year earnings is $1.38 per share.

JAKK has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of JAKKS Pacific in a research note on Friday, September 11th. Wall Street Zen upgraded JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

JAKKS Pacific Stock Up 0.5%

JAKK opened at $24.54 on Friday. The company has a market cap of $280.74 million, a PE ratio of 17.65 and a beta of 1.39. JAKKS Pacific has a twelve month low of $14.86 and a twelve month high of $27.22. The company has a 50-day moving average price of $25.04 and a 200 day moving average price of $22.95.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, July 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.31. The business had revenue of $139.24 million for the quarter, compared to analyst estimates of $123.01 million. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%.

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 4.1%. JAKKS Pacific’s dividend payout ratio (DPR) is presently 71.94%.

Institutional Trading of JAKKS Pacific

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of JAKKS Pacific by 543.6% during the 1st quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after acquiring an additional 1,745 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of JAKKS Pacific by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock valued at $249,000 after purchasing an additional 1,288 shares during the period. Rockefeller Capital Management L.P. increased its position in JAKKS Pacific by 43.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock worth $279,000 after purchasing an additional 5,000 shares during the last quarter. Sei Investments Co. increased its position in JAKKS Pacific by 34.4% during the first quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock worth $358,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in JAKKS Pacific by 63.4% during the first quarter. Quantinno Capital Management LP now owns 20,317 shares of the company’s stock worth $405,000 after purchasing an additional 7,885 shares during the period. 44.38% of the stock is owned by institutional investors and hedge funds.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that designs, develops, produces and markets toys and related products for children and families. Its portfolio includes action figures, dolls, role-play products, vehicles, games, electronics, outdoor products and seasonal merchandise.

The company develops products under its own brands and through licenses based on entertainment, character and video game properties. Its portfolio has included brands such as Maui, Airwalk and Disguise, along with licensed products associated with properties from companies including Disney and Nintendo.