JAKKS Pacific, Inc. (NASDAQ:JAKK) Given Consensus Recommendation of “Buy” by Analysts

JAKKS Pacific, Inc. (NASDAQ:JAKK) has received a consensus rating of “Buy” from the four brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $41.67.

A number of research analysts have issued reports on JAKK shares. B. Riley lifted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

JAKKS Pacific Trading Up 0.5 %

Shares of JAKK stock opened at $27.23 on Thursday. The company’s fifty day moving average price is $27.80 and its 200-day moving average price is $23.87. The stock has a market cap of $299.26 million, a PE ratio of 10.01 and a beta of 2.22. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.84.

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. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The business had revenue of $321.61 million during the quarter, compared to the consensus estimate of $303.44 million. On average, sell-side analysts forecast that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of JAKKS Pacific stock in a transaction that occurred on Thursday, November 21st. The shares were 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 owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of JAKKS Pacific

Large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in JAKKS Pacific by 75.9% in the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after purchasing an additional 116,519 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of JAKKS Pacific by 154,821.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 21,689 shares of the company’s stock worth $388,000 after buying an additional 21,675 shares during the last quarter. Creative Planning bought a new stake in JAKKS Pacific during the second quarter valued at approximately $527,000. Pacific Ridge Capital Partners LLC increased its holdings in JAKKS Pacific by 34.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock valued at $2,733,000 after buying an additional 38,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in JAKKS Pacific by 29.8% in the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock worth $7,961,000 after acquiring an additional 102,155 shares during the period. Institutional investors own 44.38% of the company’s stock.

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.