JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Down 21.0% in November

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 229,500 shares, a decrease of 21.0% from the October 31st total of 290,500 shares. Based on an average trading volume of 87,600 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were 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 directly owns 95,544 shares in the company, valued at $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On JAKKS Pacific

A number of large investors have recently added to or reduced their stakes in JAKK. nVerses Capital LLC purchased a new position in shares of JAKKS Pacific during the 2nd quarter worth $25,000. Meeder Asset Management Inc. boosted its stake in shares of JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after acquiring an additional 3,331 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after acquiring an additional 1,020 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of JAKKS Pacific during the 3rd quarter worth $230,000. Finally, 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 acquiring an additional 1,636 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Maxim Group assumed coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 target price for the company. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, B. Riley raised their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Price Performance

JAKK traded up $1.13 on Friday, hitting $29.13. The company had a trading volume of 55,941 shares, compared to its average volume of 102,995. JAKKS Pacific has a 52-week low of $17.06 and a 52-week high of $36.84. The stock has a fifty day simple moving average of $27.15 and a 200-day simple moving average of $22.78. The firm has a market capitalization of $320.14 million, a P/E ratio of 10.71 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last announced 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. The business had revenue of $321.61 million during the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. Equities research analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

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.