JAKKS Pacific (NASDAQ:JAKK) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JAKK. B. Riley upped their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Maxim Group started coverage on JAKKS Pacific in a research note on Monday, August 26th. They issued a "buy" rating and a $46.00 target price on the stock. Finally, StockNews.com upgraded JAKKS Pacific from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JAKKS Pacific currently has an average rating of "Buy" and a consensus target price of $41.67.

JAKKS Pacific Trading Down 0.5 %

The company has a market capitalization of $311.90 million, a PE ratio of 10.49 and a beta of 2.31. The stock has a fifty day simple moving average of $26.29 and a 200-day simple moving average of $22.04.

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. 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 during the quarter, compared to the consensus estimate of $303.44 million. As a group, equities research analysts predict that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

Hedge Funds Weigh In On JAKKS Pacific

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of JAKKS Pacific by 29.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company's stock worth $7,961,000 after acquiring an additional 102,155 shares during the period. Vanguard Group Inc. grew its holdings in shares of JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company's stock worth $9,272,000 after acquiring an additional 10,746 shares during the period. AQR Capital Management LLC grew its holdings in shares of JAKKS Pacific by 75.9% in the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company's stock worth $4,835,000 after acquiring an additional 116,519 shares during the period. American Century Companies Inc. grew its holdings in shares of JAKKS Pacific by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company's stock worth $3,456,000 after acquiring an additional 27,046 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its holdings in JAKKS Pacific by 34.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company's stock valued at $2,733,000 after buying an additional 38,818 shares during the last quarter. Institutional investors and hedge funds 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.