Kovack Advisors Inc. Buys 1,050 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Kovack Advisors Inc. lifted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,100 shares of the company’s stock after purchasing an additional 1,050 shares during the quarter. Kovack Advisors Inc. owned about 0.17% of JAKKS Pacific worth $487,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in shares of JAKKS Pacific by 75.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after purchasing an additional 116,519 shares during the period. Dimensional Fund Advisors LP lifted its stake in JAKKS Pacific by 29.8% in the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock worth $7,961,000 after purchasing an additional 102,155 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in JAKKS Pacific by 34.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock worth $2,733,000 after purchasing an additional 38,818 shares during the last quarter. Creative Planning purchased a new position in shares of JAKKS Pacific during the second quarter valued at approximately $527,000. Finally, American Century Companies Inc. grew its stake in shares of JAKKS Pacific by 16.3% during the second quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after buying an additional 27,046 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Trading Down 0.5 %

Shares of JAKK stock opened at $28.38 on Friday. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $36.84. The stock has a fifty day simple moving average of $26.29 and a two-hundred day simple moving average of $22.04. The stock has a market capitalization of $311.90 million, a price-to-earnings ratio of 10.49 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The company had revenue of $321.61 million during the quarter, compared to analyst estimates of $303.44 million. Research analysts predict that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JAKK has been the subject of a number of research analyst reports. Maxim Group assumed coverage on JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 price target for the company. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley upped their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific 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.