Analysts Set JAKKS Pacific, Inc. (NASDAQ:JAKK) Price Target at $41.67

JAKKS Pacific, Inc. (NASDAQ:JAKK) has been given a consensus rating of “Buy” by the four brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.67.

A number of research firms recently issued reports on JAKK. B. Riley boosted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Maxim Group began coverage on JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price objective for the company. Finally, StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

JAKKS Pacific Trading Down 4.2 %

Shares of JAKK opened at $28.28 on Friday. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $36.84. The business’s 50 day moving average is $27.29 and its 200 day moving average is $22.97. The company has a market capitalization of $310.80 million, a PE ratio of 10.40 and a beta of 2.22.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. The business had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. Equities research analysts predict that JAKKS Pacific will post 2.18 earnings per share for the current year.

Insider Buying and Selling

In other JAKKS Pacific 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 value 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 approximately $2,638,925.28. This trade represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of JAKKS Pacific in the second quarter worth about $25,000. Meeder Asset Management Inc. raised its position in JAKKS Pacific by 1,617.0% during the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after acquiring an additional 3,331 shares in the last quarter. Lazard Asset Management LLC raised its position in JAKKS Pacific by 13.0% during the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after acquiring an additional 1,020 shares in the last quarter. Rhumbline Advisers raised its position in JAKKS Pacific by 15.4% during the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after acquiring an additional 1,636 shares in the last quarter. Finally, Hohimer Wealth Management LLC purchased a new position in JAKKS Pacific during the third quarter valued at approximately $230,000. 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.