Separately, Zacks Investment Research raised shares of JAKKS Pacific from a sell rating to a hold rating in a research report on Wednesday, September 26th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and an average price target of $2.88.
Shares of JAKK stock opened at $2.47 on Friday. The company has a market cap of $70.88 million, a PE ratio of -2.42 and a beta of 1.23. JAKKS Pacific has a 52 week low of $1.95 and a 52 week high of $3.33. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 1.20.
A hedge fund recently bought a new stake in JAKKS Pacific stock. Axar Capital Management L.P. purchased a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 141,194 shares of the company’s stock, valued at approximately $462,000. JAKKS Pacific accounts for about 0.1% of Axar Capital Management L.P.’s investment portfolio, making the stock its 5th biggest holding. Axar Capital Management L.P. owned about 0.48% of JAKKS Pacific at the end of the most recent quarter. 39.79% of the stock is owned by hedge funds and other institutional investors.
About JAKKS Pacific
JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates in 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 toys; private label products; and foot-to-floor ride-on toys, inflatable environments, tents, and wagons.
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