JAKKS Pacific, Inc. (NASDAQ:JAKK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 35.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,081 shares of the company’s stock after selling 7,608 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of JAKKS Pacific worth $359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC boosted its holdings in shares of JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after purchasing an additional 1,020 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings 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 worth $1,152,000 after purchasing an additional 1,363 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of JAKKS Pacific during the 2nd quarter worth approximately $25,000. Rhumbline Advisers lifted its holdings in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in JAKKS Pacific by 10.1% in the second quarter. Simplicity Wealth LLC now owns 20,506 shares of the company’s stock valued at $367,000 after acquiring an additional 1,888 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Stock Down 5.1 %

NASDAQ:JAKK opened at $29.93 on Friday. The stock’s fifty day moving average is $25.35 and its two-hundred day moving average is $21.58. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $36.84. The stock has a market capitalization of $328.93 million, a price-to-earnings ratio of 11.00 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 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 company had revenue of $321.61 million for the quarter, compared to analysts’ expectations of $303.44 million. On average, sell-side analysts expect that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on JAKK. Maxim Group began coverage on JAKKS Pacific in a report on Monday, August 26th. They issued a “buy” rating and a $46.00 price objective on the stock. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday. B. Riley upped their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday. Finally, Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Company Profile

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.