JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Down 13.3% in May

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 421,000 shares, a decline of 13.3% from the May 15th total of 485,700 shares. Based on an average daily volume of 111,200 shares, the days-to-cover ratio is presently 3.8 days.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $18.54 on Tuesday. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84. The stock has a fifty day moving average of $19.67 and a two-hundred day moving average of $26.73. The firm has a market capitalization of $200.23 million, a PE ratio of 6.82 and a beta of 2.29.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). JAKKS Pacific had a return on equity of 18.86% and a net margin of 4.29%. The business had revenue of $90.08 million for the quarter, compared to analyst estimates of $104.12 million. Equities research analysts predict that JAKKS Pacific will post 2.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC lifted its holdings in shares of JAKKS Pacific by 56.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock valued at $4,254,000 after buying an additional 43,009 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of JAKKS Pacific by 131.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 72,618 shares of the company’s stock valued at $2,582,000 after buying an additional 41,250 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of JAKKS Pacific by 11.0% in the third quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company’s stock valued at $317,000 after buying an additional 1,689 shares during the period. Trexquant Investment LP acquired a new stake in shares of JAKKS Pacific in the third quarter valued at $528,000. Finally, Jump Financial LLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at $885,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JAKK shares. Ascendiant Capital Markets reduced their price objective on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 1st. TheStreet lowered JAKKS Pacific from a “b” rating to a “c+” rating in a research report on Friday, March 1st. Finally, StockNews.com lowered JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

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.