JAKKS Pacific (NASDAQ:JAKK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.87 and traded as high as $27.77. JAKKS Pacific shares last traded at $27.68, with a volume of 57,071 shares changing hands.

Analyst Upgrades and Downgrades

JAKK has been the topic of several recent analyst reports. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. B. Riley boosted their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, JAKKS Pacific presently has a consensus rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Price Performance

The firm has a 50 day moving average of $28.06 and a 200-day moving average of $24.87. The stock has a market capitalization of $304.20 million, a P/E ratio of 10.18 and a beta of 2.23.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On JAKKS Pacific

Several large investors have recently modified their holdings of JAKK. Rhumbline Advisers boosted its stake in JAKKS Pacific by 15.4% in 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. Hohimer Wealth Management LLC bought a new position in shares of JAKKS Pacific during the third quarter valued at $230,000. Sei Investments Co. boosted its stake in shares of JAKKS Pacific by 50.9% in the 2nd 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. Banque Cantonale Vaudoise bought a new stake in shares of JAKKS Pacific in the 3rd quarter worth about $317,000. Finally, Victory Capital Management Inc. grew its holdings in shares of JAKKS Pacific by 217.4% in the 2nd quarter. Victory Capital Management Inc. now owns 19,577 shares of the company’s stock worth $351,000 after purchasing an additional 13,409 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

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.