JAKKS Pacific (NASDAQ:JAKK) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.46 and traded as high as $27.70. JAKKS Pacific shares last traded at $27.46, with a volume of 111,491 shares traded.

Wall Street Analyst Weigh In

JAKK has been the subject of several research analyst reports. Maxim Group assumed coverage on JAKKS Pacific in a report on Monday, August 26th. They issued a "buy" rating and a $46.00 price objective for the company. B. Riley lifted their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday. Small Cap Consu upgraded shares of JAKKS Pacific to a "strong-buy" rating in a research note on Tuesday, July 16th. Finally, StockNews.com lowered shares of JAKKS Pacific from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $41.67.

JAKKS Pacific Stock Performance

The stock's fifty day moving average price is $25.05 and its 200-day moving average price is $21.46. The firm has a market cap of $345.81 million, a PE ratio of 11.97 and a beta of 2.34.

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 4.29% and a return on equity of 14.36%. Sell-side analysts forecast that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current fiscal year.

Institutional Trading of JAKKS Pacific

A number of institutional investors have recently bought and sold shares of JAKK. Lazard Asset Management LLC increased 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 buying an additional 1,020 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in JAKKS Pacific by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company's stock valued at $1,152,000 after acquiring an additional 1,363 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of JAKKS Pacific in the second quarter valued at about $25,000. Rhumbline Advisers grew its position 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 purchasing an additional 1,636 shares during the last quarter. Finally, Simplicity Wealth LLC raised its position in shares of JAKKS Pacific by 10.1% during the 2nd quarter. Simplicity Wealth LLC now owns 20,506 shares of the company's stock worth $367,000 after purchasing an additional 1,888 shares during the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

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.