JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.99 and traded as high as $29.43. JAKKS Pacific shares last traded at $28.53, with a volume of 88,746 shares trading hands.

Wall Street Analyst Weigh In

JAKK has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley upped their price target on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Maxim Group assumed coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Stock Down 4.5 %

The company has a 50-day moving average price of $26.37 and a 200-day moving average price of $22.08. The firm has a market capitalization of $297.83 million, a price-to-earnings ratio of 9.75 and a beta of 2.31.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in shares of JAKKS Pacific in the second quarter worth $25,000. Meeder Asset Management Inc. lifted its holdings in shares of JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after buying an additional 3,331 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of JAKKS Pacific by 13.0% in 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. Rhumbline Advisers increased its holdings in JAKKS Pacific by 15.4% in the second 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. Finally, Sei Investments Co. raised 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 valued at $239,000 after acquiring an additional 4,500 shares in the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

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.