JAKKS Pacific (NASDAQ:JAKK) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.87 and traded as high as $27.77. JAKKS Pacific shares last traded at $27.68, with a volume of 57,071 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on JAKK shares. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. B. Riley lifted their price target on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JAKKS Pacific presently has an average rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Stock Performance

The company’s 50 day simple moving average is $28.06 and its two-hundred day simple moving average is $24.87. The stock has a market cap of $304.20 million, a price-to-earnings ratio of 10.18 and a beta of 2.23.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. The business had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. On average, equities research analysts predict that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current fiscal year.

Insider Transactions at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $27.62, for a total transaction of $1,332,747.86. Following the transaction, the chief financial officer now directly owns 95,544 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Trading of JAKKS Pacific

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in JAKKS Pacific by 29.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock worth $7,961,000 after purchasing an additional 102,155 shares during the last quarter. Philosophy Capital Management LLC bought a new position in shares of JAKKS Pacific in the third quarter valued at approximately $7,105,000. AQR Capital Management LLC lifted its stake in shares of JAKKS Pacific by 75.9% in the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after buying an additional 116,519 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of JAKKS Pacific by 6.9% during the 3rd 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 during the period. Finally, American Century Companies Inc. grew its stake in JAKKS Pacific by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after buying an additional 27,046 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

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.