JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 178,500 shares, a growth of 5.9% from the November 30th total of 168,600 shares. Based on an average trading volume of 86,500 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JAKK shares. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley upped their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, JAKKS Pacific currently has a consensus rating of “Buy” and an average target price of $41.67.

Insider Buying and Selling at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 95,544 shares in the company, valued at $2,638,925.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On JAKKS Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after purchasing an additional 3,331 shares during the period. Hohimer Wealth Management LLC bought a new position in JAKKS Pacific in the 3rd quarter worth about $230,000. Rhumbline Advisers grew its holdings in JAKKS Pacific by 15.4% during the 2nd 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, Banque Cantonale Vaudoise bought a new stake in shares of JAKKS Pacific during the third quarter valued at about $317,000. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 3.7 %

JAKK stock opened at $28.15 on Wednesday. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $36.63. The firm has a market cap of $309.37 million, a PE ratio of 10.35 and a beta of 2.22. The business has a 50 day moving average of $27.97 and a 200-day moving average of $24.20.

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