JAKKS Pacific (NASDAQ:JAKK) Raised to “Strong-Buy” at Wall Street Zen

JAKKS Pacific (NASDAQ:JAKK) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on JAKK. Maxim Group lifted their price target on shares of JAKKS Pacific from $27.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, October 28th. Finally, Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, JAKKS Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

JAKKS Pacific Stock Performance

Shares of JAKKS Pacific stock opened at $31.60 on Friday. The business has a 50-day simple moving average of $26.79 and a 200-day simple moving average of $23.09. JAKKS Pacific has a one year low of $14.86 and a one year high of $33.22. The company has a market cap of $364.03 million, a PE ratio of 19.23 and a beta of 1.32.

Institutional Trading of JAKKS Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. acquired a new stake in shares of JAKKS Pacific during the 2nd quarter valued at approximately $4,784,000. Gabelli Funds LLC boosted its stake in shares of JAKKS Pacific by 46.1% during the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after acquiring an additional 59,473 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of JAKKS Pacific by 79.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock worth $2,091,000 after acquiring an additional 46,322 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of JAKKS Pacific in the 2nd quarter worth approximately $988,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of JAKKS Pacific in the 1st quarter worth approximately $441,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a toy and consumer products company that develops, designs, produces and markets toys, games, seasonal products and related merchandise. Its product portfolio includes action figures, dolls, roleplay toys, dress-up and costume products, plush items, outdoor and sports toys, games, and other products for children and families.

The company markets products under its own brands, including Maui, Disguise and Moose Mountain, as well as through licensing and strategic partnerships with entertainment and consumer brands.