Brokerages Set JAKKS Pacific, Inc. (NASDAQ:JAKK) Target Price at $41.67

JAKKS Pacific, Inc. (NASDAQ:JAKK) has been assigned an average recommendation of “Buy” from the four analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $41.67.

Several research analysts have recently weighed in on the company. B. Riley boosted their price target on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In related news, CFO John Louis Kimble sold 48,253 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. This trade represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of JAKKS Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of JAKKS Pacific by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after acquiring an additional 102,155 shares during the period. Philosophy Capital Management LLC purchased a new position in JAKKS Pacific during the third quarter valued at $7,105,000. AQR Capital Management LLC grew its holdings in JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock valued at $4,835,000 after purchasing an additional 116,519 shares during the period. 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 buying an additional 12,809 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of JAKKS Pacific by 16.3% in the second quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock worth $3,456,000 after buying an additional 27,046 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Down 1.6 %

Shares of NASDAQ JAKK opened at $27.42 on Thursday. The company has a market cap of $301.35 million, a P/E ratio of 10.08 and a beta of 2.22. JAKKS Pacific has a 52 week low of $17.06 and a 52 week high of $36.84. The business has a 50-day simple moving average of $27.89 and a two-hundred day simple moving average of $24.03.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results 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 net margin of 4.87% and a return on equity of 15.27%. The firm had revenue of $321.61 million for the quarter, compared to analysts’ expectations of $303.44 million. Equities research analysts anticipate that JAKKS Pacific will post 2.18 EPS for the current year.

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.