JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Up 5.9% in December

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

Insiders Place Their Bets

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Trading of JAKKS Pacific

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on JAKK. 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 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Stock Performance

Shares of JAKKS Pacific stock opened at $28.15 on Thursday. The firm has a fifty day moving average of $28.03 and a two-hundred day moving average of $24.23. The stock has a market capitalization of $309.37 million, a price-to-earnings ratio of 10.35 and a beta of 2.22. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.63.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating 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 the consensus estimate of $303.44 million. As a group, research analysts forecast that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

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.