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

JAKKS Pacific, Inc. (NASDAQ:JAKK) has been given an average recommendation of “Buy” by the four brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.67.

A number of equities analysts have commented on the stock. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. B. Riley lifted their target price 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.

Insider Buying and Selling at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of JAKKS Pacific 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 completion of the sale, the chief financial officer now directly owns 95,544 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On JAKKS Pacific

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $1,152,000 after purchasing an additional 1,363 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in 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 buying an additional 21,675 shares in the last quarter. nVerses Capital LLC bought a new position in JAKKS Pacific in the 2nd quarter valued at about $25,000. Rhumbline Advisers raised its position in shares of JAKKS Pacific by 15.4% in the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after buying an additional 1,636 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of JAKKS Pacific by 217.4% in the 2nd quarter. Victory Capital Management Inc. now owns 19,577 shares of the company’s stock valued at $351,000 after buying an additional 13,409 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 3.7 %

NASDAQ:JAKK opened at $28.15 on Thursday. The company has a market cap of $309.37 million, a P/E ratio of 10.35 and a beta of 2.22. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $36.63. The business has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $24.23.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly 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 firm had revenue of $321.61 million during 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%. As a group, analysts anticipate that JAKKS Pacific will post 2.18 earnings per share for the current fiscal 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.