JAKKS Pacific, Inc. (NASDAQ:JAKK) Sees Significant Decrease in Short Interest

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 340,400 shares, a decline of 14.4% from the August 31st total of 397,600 shares. Based on an average trading volume of 89,500 shares, the short-interest ratio is currently 3.8 days.

JAKKS Pacific Trading Down 1.0 %

Shares of NASDAQ:JAKK traded down $0.27 during midday trading on Monday, hitting $25.52. 27,101 shares of the stock were exchanged, compared to its average volume of 104,130. JAKKS Pacific has a twelve month low of $15.30 and a twelve month high of $36.84. The company has a 50 day moving average price of $22.97 and a 200-day moving average price of $21.04. The stock has a market cap of $275.64 million, a P/E ratio of 9.38 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). JAKKS Pacific had a return on equity of 14.36% and a net margin of 4.29%. The business had revenue of $148.62 million for the quarter, compared to analysts’ expectations of $162.42 million. On average, equities research analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current year.

Institutional Trading of JAKKS Pacific

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning acquired a new position in JAKKS Pacific in the 2nd quarter valued at about $527,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of JAKKS Pacific by 34.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock valued at $2,733,000 after buying an additional 38,818 shares during the period. AQR Capital Management LLC boosted its position in JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after acquiring an additional 116,519 shares during the last quarter. Sei Investments Co. boosted its position in JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 102,155 shares during the period. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. B. Riley assumed coverage on shares of JAKKS Pacific in a research note on Tuesday, September 17th. They issued a “buy” rating and a $37.00 price objective for the company. Maxim Group began coverage on JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. StockNews.com cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, JAKKS Pacific currently has an average rating of “Buy” and an average target price of $40.33.

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.