JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 229,500 shares, a drop of 21.0% from the October 31st total of 290,500 shares. Based on an average trading volume of 87,600 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JAKK. B. Riley raised their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Maxim Group started coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Trading Up 1.3 %

JAKK stock traded up $0.38 during mid-day trading on Monday, hitting $29.51. The stock had a trading volume of 169,137 shares, compared to its average volume of 103,280. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.84. The firm has a market capitalization of $324.31 million, a P/E ratio of 10.85 and a beta of 2.31. The firm has a fifty day simple moving average of $27.23 and a 200 day simple moving average of $22.91.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The firm had revenue of $321.61 million for the quarter, compared to analyst estimates of $303.44 million. As a group, equities analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the transaction, the chief financial officer now directly owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of JAKKS Pacific by 62.1% in the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock valued at $435,000 after purchasing an additional 6,526 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of JAKKS Pacific in the 3rd quarter valued at approximately $230,000. Geode Capital Management LLC boosted its stake in shares of JAKKS Pacific by 6.9% in 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 in the last quarter. State Street Corp boosted its stake in shares of JAKKS Pacific by 4.2% in the 3rd 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, Philosophy Capital Management LLC acquired a new stake in shares of JAKKS Pacific in the 3rd quarter valued at approximately $7,105,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

About JAKKS Pacific

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.