JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.87 and traded as high as $27.77. JAKKS Pacific shares last traded at $27.68, with a volume of 57,071 shares.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. B. Riley boosted their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $41.67.
Get Our Latest Analysis on JAKKS Pacific
JAKKS Pacific Stock Down 2.3 %
The company has a market cap of $297.17 million, a price-to-earnings ratio of 9.94 and a beta of 2.23. The business has a fifty day simple moving average of $27.99 and a 200 day simple moving average of $24.93.
JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.24 by $1.36. The company had revenue of $321.61 million during the quarter, compared to analysts' expectations of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. Equities analysts anticipate that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.
Insider Buying and Selling
In other 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.50% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of JAKK. AQR Capital Management LLC increased its position in JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company's stock worth $4,835,000 after purchasing an additional 116,519 shares during the last quarter. Creative Planning acquired a new position in JAKKS Pacific in the second quarter valued at $527,000. Geode Capital Management LLC boosted its holdings in JAKKS Pacific by 6.9% in the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company's stock valued at $5,057,000 after acquiring an additional 12,809 shares during the last quarter. State Street Corp increased its stake in JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company's stock worth $3,777,000 after acquiring an additional 5,901 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of JAKKS Pacific by 34.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company's stock worth $2,733,000 after purchasing an additional 38,818 shares during the period. 44.38% of the stock is currently owned by institutional investors and hedge funds.
About JAKKS Pacific
(
Get Free Report)
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.
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