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

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have been assigned a consensus recommendation of “Buy” from the four ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $41.67.

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

JAKKS Pacific Price Performance

Shares of JAKK opened at $27.70 on Monday. The firm’s 50 day simple moving average is $27.83 and its 200 day simple moving average is $25.13. 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 1-year low of $17.06 and a 1-year high of $36.35.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. The business had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. On average, equities analysts anticipate that JAKKS Pacific will post 3.59 earnings per share for the current year.

Insider Activity at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $27.62, for a total value of $1,332,747.86. Following the completion of the transaction, the chief financial officer now directly owns 95,544 shares in the company, valued at $2,638,925.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of JAKKS Pacific

Hedge funds have recently modified their holdings of the company. Hohimer Wealth Management LLC purchased a new stake in JAKKS Pacific during the 3rd quarter valued at $230,000. Rhumbline Advisers raised its stake in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after buying an additional 1,636 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in JAKKS Pacific in the third quarter valued at about $317,000. Sei Investments Co. raised its stake in shares of JAKKS Pacific by 50.9% in the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of JAKKS Pacific by 62.1% in the third quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after purchasing an additional 6,526 shares during the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

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.