Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Declines By 14.4%

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 340,400 shares, a decline of 14.4% from the August 31st total of 397,600 shares. Based on an average daily volume of 89,500 shares, the short-interest ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

JAKK has been the topic of several recent analyst reports. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Maxim Group initiated coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. StockNews.com downgraded shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, B. Riley initiated coverage on shares of JAKKS Pacific in a research report on Tuesday, September 17th. They set a “buy” rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, JAKKS Pacific currently has an average rating of “Buy” and an average target price of $40.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of JAKKS Pacific in the second quarter worth $25,000. Meeder Asset Management Inc. boosted its stake in JAKKS Pacific by 1,617.0% in the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after buying an additional 3,331 shares in the last quarter. Lazard Asset Management LLC boosted its stake in 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. Rhumbline Advisers boosted its stake in 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 buying an additional 1,636 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of JAKKS Pacific by 50.9% during the second 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 in the last quarter. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Trading Down 1.0 %

Shares of JAKK stock traded down $0.27 on Monday, reaching $25.52. The company had a trading volume of 27,101 shares, compared to its average volume of 104,130. The stock has a market cap of $275.64 million, a PE ratio of 9.39 and a beta of 2.34. The company has a 50-day moving average of $22.97 and a 200-day moving average of $21.04. JAKKS Pacific has a 12 month low of $15.30 and a 12 month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The business had revenue of $148.62 million for the quarter, compared to the consensus estimate of $162.42 million. Sell-side analysts anticipate that JAKKS Pacific will post 2.18 earnings per share for the current year.

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.