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

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 211,800 shares, an increase of 18.7% from the December 31st total of 178,500 shares. Based on an average daily volume of 92,800 shares, the days-to-cover ratio is currently 2.3 days.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. B. Riley increased their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $41.67.

Insider Buying and Selling at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of the firm’s stock in a transaction on 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 directly owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JAKKS Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $89,000. Lynch Asset Management Inc. acquired a new stake in JAKKS Pacific during the fourth quarter worth about $204,000. Hohimer Wealth Management LLC acquired a new stake in JAKKS Pacific during the third quarter worth about $230,000. Sei Investments Co. grew its position in JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after buying an additional 4,500 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in JAKKS Pacific during the third quarter worth about $317,000. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Trading Down 0.4 %

NASDAQ JAKK traded down $0.13 during trading on Friday, hitting $30.08. 137,977 shares of the company traded hands, compared to its average volume of 71,197. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.35. The business has a fifty day simple moving average of $27.97 and a 200 day simple moving average of $25.83. The company has a market capitalization of $330.58 million, a P/E ratio of 11.06 and a beta of 2.23.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.36. The company had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. Equities research analysts predict that JAKKS Pacific will post 3.59 EPS 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.