JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 290,500 shares, a decrease of 9.2% from the October 15th total of 319,900 shares. Based on an average daily trading volume, of 80,400 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Investors Weigh In On JAKKS Pacific

Several hedge funds have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in JAKKS Pacific during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. increased its position in 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 in the last quarter. Lazard Asset Management LLC lifted its position in shares of JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company's stock valued at $218,000 after acquiring an additional 1,020 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of JAKKS Pacific by 15.4% during the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company's stock worth $219,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in JAKKS Pacific in the 3rd quarter worth approximately $317,000. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Trading Down 0.0 %

JAKKS Pacific stock traded down $0.01 during trading on Monday, hitting $27.09. The company had a trading volume of 122,151 shares, compared to its average volume of 102,897. The stock has a market cap of $297.72 million, a price-to-earnings ratio of 9.96 and a beta of 2.31. JAKKS Pacific has a 1-year low of $17.06 and a 1-year high of $36.84. The company's 50 day simple moving average is $26.45 and its 200-day simple moving average is $22.18.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its quarterly 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. The company 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 forecast that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on JAKK. B. Riley boosted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Maxim Group assumed coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They set a "buy" rating and a $46.00 target price for the company. Finally, StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Four 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, the company has an average rating of "Buy" and a consensus price target of $41.67.

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.