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

JAKKS Pacific, Inc. (NASDAQ:JAKK) has received a consensus recommendation of “Buy” from the four analysts that are presently covering the company, MarketBeat.com reports. Three investment 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 analysts that have issued ratings on the stock in the last year is $41.67.

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 note on Friday, November 1st. B. Riley lifted their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $27.42 on Thursday. The stock has a market cap of $301.35 million, a PE ratio of 10.08 and a beta of 2.22. JAKKS Pacific has a 1 year low of $17.06 and a 1 year high of $36.84. The firm has a fifty day moving average price of $27.89 and a 200-day moving average price of $24.03.

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 analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The business 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 EPS for the current year.

Insider Activity at JAKKS Pacific

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

Institutional Trading of JAKKS Pacific

A number of large investors have recently made changes to their positions in JAKK. Bank of New York Mellon Corp increased its position in shares of JAKKS Pacific by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,363 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 valued at $388,000 after acquiring an additional 21,675 shares during the period. nVerses Capital LLC bought a new stake in shares of JAKKS Pacific in the 2nd quarter worth about $25,000. Rhumbline Advisers boosted its stake in shares of JAKKS Pacific by 15.4% during the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after purchasing an additional 1,636 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in JAKKS Pacific by 217.4% during the 2nd quarter. Victory Capital Management Inc. now owns 19,577 shares of the company’s stock valued at $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.