JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives Average Recommendation of “Buy” from Analysts

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have been assigned an average recommendation of “Buy” from the four ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $41.67.

A number of analysts recently issued reports on JAKK shares. B. Riley upped their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Insiders Place Their Bets

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $27.62, for a total transaction of $1,332,747.86. Following the completion of the sale, the chief financial officer now owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JAKK. Rhumbline Advisers lifted its stake in shares of JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after acquiring an additional 1,636 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in JAKKS Pacific during the third quarter valued at approximately $230,000. Sei Investments Co. grew its holdings in shares of JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after purchasing an additional 4,500 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of JAKKS Pacific during the third quarter valued at approximately $317,000. Finally, Victory Capital Management Inc. grew its holdings in shares of JAKKS Pacific by 217.4% during the second quarter. Victory Capital Management Inc. now owns 19,577 shares of the company’s stock valued at $351,000 after purchasing an additional 13,409 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 1.6 %

NASDAQ:JAKK opened at $27.70 on Monday. The company has a market capitalization of $304.42 million, a P/E ratio of 10.18 and a beta of 2.23. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.35. The stock’s fifty day moving average is $27.83 and its two-hundred day moving average is $25.13.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, topping the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The firm had revenue of $321.61 million during the quarter, compared to analysts’ expectations of $303.44 million. Sell-side analysts anticipate that JAKKS Pacific will post 3.59 earnings per share for the current fiscal year.

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.