JAKKS Pacific, Inc. (NASDAQ:JAKK) Given Average Recommendation of “Buy” by Brokerages

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) have received an average recommendation of “Buy” from the four brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.67.

Several brokerages recently weighed in on JAKK. B. Riley boosted their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Maxim Group began coverage on shares of JAKKS Pacific in a 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 research report on Friday, November 1st.

Insider Activity

In other 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 transaction of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On JAKKS Pacific

A number of large investors have recently bought and sold shares of JAKK. Vanguard Group Inc. lifted its position in shares of JAKKS Pacific by 2.9% during the first quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after purchasing an additional 10,746 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after buying an additional 1,020 shares in the last quarter. Simplicity Wealth LLC boosted its position in JAKKS Pacific by 10.1% in the 2nd quarter. Simplicity Wealth LLC now owns 20,506 shares of the company’s stock valued at $367,000 after buying an additional 1,888 shares during the period. Bank of New York Mellon Corp grew its stake in JAKKS Pacific by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock worth $1,152,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of JAKKS Pacific by 154,821.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 21,689 shares of the company’s stock worth $388,000 after acquiring an additional 21,675 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 4.0 %

JAKK opened at $29.13 on Friday. The company has a market capitalization of $320.14 million, a PE ratio of 10.71 and a beta of 2.31. The firm has a 50-day simple moving average of $27.15 and a two-hundred day simple moving average of $22.81. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The company had revenue of $321.61 million during the quarter, compared to analyst estimates of $303.44 million. As a group, sell-side analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current year.

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.