JAKKS Pacific, Inc. (NASDAQ:JAKK) Receives Consensus Rating of “Buy” from Brokerages

JAKKS Pacific, Inc. (NASDAQ:JAKK) has earned an average rating of “Buy” from the four research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $41.67.

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley raised their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JAKKS Pacific

Several hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in JAKKS Pacific in the second quarter valued at $25,000. Meeder Asset Management Inc. boosted its stake in shares of JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after purchasing an additional 3,331 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of JAKKS Pacific during the third quarter valued at about $230,000. Rhumbline Advisers raised its stake in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after buying an additional 1,636 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in JAKKS Pacific in the third quarter worth about $317,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Up 0.5 %

NASDAQ JAKK opened at $27.23 on Thursday. The stock’s 50-day simple moving average is $27.80 and its two-hundred day simple moving average is $23.87. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $36.84. The company has a market capitalization of $299.26 million, a price-to-earnings ratio of 10.01 and a beta of 2.22.

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

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.