JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives $41.67 Consensus Price Target from Brokerages

JAKKS Pacific, Inc. (NASDAQ:JAKK) has earned a consensus rating of “Buy” from the four analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $41.67.

Several equities analysts have commented on the stock. B. Riley upped their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Maxim Group initiated coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

JAKKS Pacific Stock Down 4.2 %

Shares of JAKK stock opened at $28.28 on Friday. The company’s fifty day simple moving average is $27.29 and its 200-day simple moving average is $22.97. The firm has a market cap of $310.80 million, a PE ratio of 10.40 and a beta of 2.22. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its 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 analysts predict that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Insider Activity at JAKKS Pacific

In other 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 transaction of $1,332,747.86. Following the completion of the sale, the chief financial officer now owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On JAKKS Pacific

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of JAKKS Pacific by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after purchasing an additional 10,746 shares during the period. Lazard Asset Management LLC lifted its position in JAKKS Pacific by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after buying an additional 1,020 shares during the last quarter. Simplicity Wealth LLC lifted its position 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 purchasing an additional 1,888 shares during the last quarter. Bank of New York Mellon Corp lifted its position in JAKKS Pacific by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of JAKKS Pacific by 154,821.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 21,689 shares of the company’s stock valued at $388,000 after buying an additional 21,675 shares during the period. 44.38% of the stock is currently owned by institutional investors.

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.