JAKKS Pacific (NASDAQ:JAKK) Shares Pass Above 200 Day Moving Average - Should You Sell?

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.50 and traded as high as $29.64. JAKKS Pacific shares last traded at $29.22, with a volume of 143,082 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JAKK shares. B. Riley boosted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a research report 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, JAKKS Pacific has a consensus rating of "Buy" and an average target price of $41.67.

JAKKS Pacific Stock Down 0.6 %

The business has a fifty day simple moving average of $27.93 and a two-hundred day simple moving average of $25.71. The company has a market cap of $329.93 million, a P/E ratio of 11.04 and a beta of 2.23.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, beating 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 the consensus estimate of $303.44 million. On average, equities analysts predict that JAKKS Pacific, Inc. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO John Louis Kimble sold 48,253 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. This trade represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors have recently added to or reduced their stakes in JAKK. Heck Capital Advisors LLC bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $89,000. Lynch Asset Management Inc. bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $204,000. Hohimer Wealth Management LLC bought a new stake in shares of JAKKS Pacific in the 3rd quarter valued at approximately $230,000. Banque Cantonale Vaudoise bought a new stake in shares of JAKKS Pacific in the 3rd quarter valued at approximately $317,000. Finally, Sei Investments Co. lifted its stake 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 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.