JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives $41.67 Consensus PT from Analysts

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) has been assigned a consensus rating of "Buy" from the four analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $41.67.

Several research analysts recently weighed in on JAKK shares. StockNews.com upgraded JAKKS Pacific from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. B. Riley increased their price target on JAKKS Pacific from $37.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, October 31st.

JAKKS Pacific Stock Performance

Shares of NASDAQ:JAKK traded up $0.43 during midday trading on Monday, hitting $27.70. The company's stock had a trading volume of 47,531 shares, compared to its average volume of 63,958. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $36.35. The company has a market cap of $304.42 million, a P/E ratio of 10.18 and a beta of 2.23. The business's 50 day simple moving average is $27.83 and its 200 day simple moving average is $25.13.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $303.44 million. On average, sell-side analysts predict that JAKKS Pacific will post 3.59 earnings per share for the current fiscal year.

Insider Activity at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the business's stock in a transaction 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 completion of 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On JAKKS Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in JAKK. Rhumbline Advisers raised its holdings in 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 acquiring an additional 1,636 shares in the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of JAKKS Pacific in the 3rd quarter valued at approximately $230,000. Sei Investments Co. raised its holdings in shares of JAKKS Pacific by 50.9% in the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company's stock valued at $239,000 after purchasing an additional 4,500 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of JAKKS Pacific during the 3rd quarter worth $317,000. Finally, Victory Capital Management Inc. lifted its position in shares of JAKKS Pacific by 217.4% during the 2nd quarter. Victory Capital Management Inc. now owns 19,577 shares of the company's stock worth $351,000 after purchasing an additional 13,409 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company's stock.

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.