Fintel reports that on August 26, 2024, Maxim Group initiated coverage of JAKKS Pacific (NasdaqGS:JAKK) with a Buy recommendation.
Analyst Price Forecast Suggests 30.61% Upside
As of August 26, 2024, the average one-year price target for JAKKS Pacific is $31.62/share. The forecasts range from a low of $24.24 to a high of $39.90. The average price target represents an increase of 30.61% from its latest reported closing price of $24.21 / share.
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The projected annual revenue for JAKKS Pacific is 750MM, an increase of 10.93%. The projected annual non-GAAP EPS is 4.33.
What is the Fund Sentiment?
There are 252 funds or institutions reporting positions in JAKKS Pacific. This is an decrease of 11 owner(s) or 4.18% in the last quarter. Average portfolio weight of all funds dedicated to JAKK is 0.03%, an increase of 44.64%. Total shares owned by institutions increased in the last three months by 14.09% to 6,355K shares. 
The put/call ratio of JAKK is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
Franklin Resources holds 447K shares representing 4.07% ownership of the company. In its prior filing, the firm reported owning 26K shares , representing an increase of 94.18%. The firm increased its portfolio allocation in JAKK by 102.19% over the last quarter.
Hotchkis & Wiley Capital Management holds 335K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 186K shares , representing an increase of 44.48%. The firm increased its portfolio allocation in JAKK by 36.68% over the last quarter.
Aqr Capital Management holds 270K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 153K shares , representing an increase of 43.16%. The firm decreased its portfolio allocation in JAKK by 55.66% over the last quarter.
Renaissance Technologies holds 248K shares representing 2.26% ownership of the company. In its prior filing, the firm reported owning 287K shares , representing a decrease of 15.34%. The firm decreased its portfolio allocation in JAKK by 32.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 221K shares representing 2.01% ownership of the company. In its prior filing, the firm reported owning 213K shares , representing an increase of 3.34%. The firm decreased its portfolio allocation in JAKK by 34.47% over the last quarter.
Jakks Pacific Background Information
(This description is provided by the company.)
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific's popular proprietary brands include; Fly Wheels™, Kitten Catfe™, Perfectly Cute™, ReDo™ Skateboard Co, X-Power™, Disguise®, Moose Mountain®, Maui®, Kids Only!®; a wide range of entertainment-inspired products featuring premier licensed properties; and C'est Moi™, a new generation of clean beauty. Through JAKKS Cares, the company's commitment to philanthropy, JAKKS is helping to make a positive impact on the lives of children.
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