JAKKS Pacific, Inc. (NASDAQ:JAKK) CFO Sells $1,332,747.86 in Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction that occurred on 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. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

JAKKS Pacific Stock Performance

Shares of JAKK stock traded up $0.05 on Friday, reaching $27.79. The stock had a trading volume of 64,735 shares, compared to its average volume of 102,918. JAKKS Pacific, Inc. has a 1 year low of $17.06 and a 1 year high of $36.84. The company has a 50 day simple moving average of $26.77 and a 200 day simple moving average of $22.38. The stock has a market cap of $305.41 million, a P/E ratio of 10.20 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $321.61 million during the quarter, compared to the consensus estimate of $303.44 million. On average, equities research analysts anticipate that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on JAKK. B. Riley upped their price objective 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. Maxim Group started coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They issued a “buy” rating and a $46.00 target price on the stock. Finally, StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. 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 stock currently has an average rating of “Buy” and an average target price of $41.67.

Hedge Funds Weigh In On JAKKS Pacific

Several large investors have recently added to or reduced their stakes in JAKK. Lazard Asset Management LLC raised its holdings in JAKKS Pacific by 13.0% during the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after acquiring an additional 1,020 shares during the period. Kovack Advisors Inc. increased its holdings in shares of JAKKS Pacific by 5.8% in the third quarter. Kovack Advisors Inc. now owns 19,100 shares of the company’s stock worth $487,000 after purchasing an additional 1,050 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in JAKKS Pacific by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock valued at $1,152,000 after buying an additional 1,363 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of JAKKS Pacific during the 2nd quarter worth approximately $25,000. Finally, Rhumbline Advisers increased its holdings in shares of JAKKS Pacific by 15.4% in the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after buying an additional 1,636 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

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.