Kovack Advisors Inc. Lowers Holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Kovack Advisors Inc. reduced its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,620 shares of the company’s stock after selling 4,480 shares during the quarter. Kovack Advisors Inc.’s holdings in JAKKS Pacific were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evernest Financial Advisors LLC bought a new position in shares of JAKKS Pacific during the fourth quarter worth $1,437,000. Barclays PLC lifted its stake in JAKKS Pacific by 62.1% in the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after purchasing an additional 6,526 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of JAKKS Pacific by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock valued at $5,057,000 after purchasing an additional 12,809 shares during the last quarter. State Street Corp grew its position in shares of JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after purchasing an additional 5,901 shares in the last quarter. Finally, Portolan Capital Management LLC bought a new stake in shares of JAKKS Pacific in the third quarter worth about $2,787,000. Institutional investors own 44.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Stock Up 2.5 %

JAKK stock opened at $27.08 on Friday. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $36.30. The firm has a market capitalization of $297.61 million, a P/E ratio of 9.00 and a beta of 2.22. The company has a fifty day simple moving average of $29.51 and a two-hundred day simple moving average of $27.30.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.83). The business had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $131.07 million. JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. As a group, analysts anticipate that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. JAKKS Pacific’s payout ratio is 33.22%.

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.