JAKKS Pacific, Inc. (NASDAQ:JAKK) Given Consensus Recommendation of "Buy" by Brokerages

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) have earned an average recommendation of "Buy" from the four ratings firms that are 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 issued ratings on the stock in the last year is $41.67.

Several research firms have issued reports on JAKK. StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Maxim Group initiated coverage on JAKKS Pacific in a research note on Monday, August 26th. They set a "buy" rating and a $46.00 price target on the stock. Finally, B. Riley raised their price target on JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a report on Thursday, October 31st.

JAKKS Pacific Trading Up 4.0 %

NASDAQ JAKK traded up $1.13 on Friday, hitting $29.13. 55,941 shares of the company were exchanged, compared to its average volume of 121,792. JAKKS Pacific has a 1-year low of $17.06 and a 1-year high of $36.84. The firm has a 50 day moving average of $27.15 and a two-hundred day moving average of $22.84. The company has a market cap of $320.14 million, a P/E ratio of 10.71 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $321.61 million for the quarter, compared to analyst estimates of $303.44 million. Research analysts anticipate that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of the business's stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JAKK. nVerses Capital LLC bought a new stake in JAKKS Pacific in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its holdings in JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company's stock worth $63,000 after buying an additional 3,331 shares during the period. Lazard Asset Management LLC raised 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 purchasing an additional 1,020 shares during the period. Rhumbline Advisers lifted its holdings in shares of 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 purchasing an additional 1,636 shares in the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of JAKKS Pacific during the third quarter worth about $230,000. 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.