John Louis Kimble Sells 48,253 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) CFO John Louis Kimble sold 48,253 shares of the company’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

JAKKS Pacific Price Performance

JAKKS Pacific stock opened at $27.79 on Monday. JAKKS Pacific, Inc. has a 1 year low of $17.06 and a 1 year high of $36.84. The firm’s 50 day moving average price is $26.86 and its 200-day moving average price is $22.50. The stock has a market cap of $305.41 million, a P/E ratio of 10.22 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) 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 company had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. As a group, equities analysts expect that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

Institutional Investors Weigh In On JAKKS Pacific

Hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in JAKKS Pacific by 62.1% in the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after acquiring an additional 6,526 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of JAKKS Pacific in the third quarter valued at $230,000. Geode Capital Management LLC increased its position in JAKKS Pacific by 6.9% in the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after purchasing an additional 12,809 shares during the last quarter. State Street Corp raised its stake in JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after purchasing an additional 5,901 shares in the last quarter. Finally, Philosophy Capital Management LLC bought a new position in JAKKS Pacific during the third quarter valued at $7,105,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. B. Riley raised 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. Maxim Group started coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 target price on the stock. Finally, StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $41.67.

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.