JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives Average Recommendation of "Buy" from Analysts

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) have been given a consensus rating of "Buy" by the four ratings firms that are covering the firm, MarketBeat reports. Three 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 brokerages that have issued a report on the stock in the last year is $41.67.

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

Insiders Place Their Bets

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 transaction of $1,332,747.86. Following the sale, the chief financial officer now owns 95,544 shares of the company's stock, 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 can be accessed through this link. Corporate insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On JAKKS Pacific

Several large investors have recently modified their holdings of JAKK. nVerses Capital LLC purchased a new position in shares of JAKKS Pacific during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its position in shares of JAKKS Pacific by 1,617.0% during the second 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. Rhumbline Advisers grew its stake 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 buying 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 $230,000. Finally, Sei Investments Co. lifted its stake in JAKKS Pacific by 50.9% during the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company's stock worth $239,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company's stock.

JAKKS Pacific Stock Up 2.4 %

Shares of JAKK stock traded up $0.64 during trading hours on Thursday, hitting $27.87. 53,149 shares of the company's stock were exchanged, compared to its average volume of 100,415. JAKKS Pacific has a fifty-two week low of $17.06 and a fifty-two week high of $36.84. The firm has a market cap of $306.29 million, a P/E ratio of 10.25 and a beta of 2.22. The firm has a 50 day moving average of $27.83 and a two-hundred day moving average of $23.89.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted 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 net margin of 4.87% and a return on equity of 15.27%. The company had revenue of $321.61 million during the quarter, compared to analysts' expectations of $303.44 million. On average, equities analysts forecast that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

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.