JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Up 5.9% in December

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 178,500 shares, a growth of 5.9% from the November 30th total of 168,600 shares. Based on an average daily volume of 86,500 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Ratings Changes

JAKK has been the topic of several recent research reports. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley lifted their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $41.67.

Insider Activity at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of JAKKS Pacific by 29.8% in the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after buying an additional 102,155 shares in the last quarter. Philosophy Capital Management LLC acquired a new stake in JAKKS Pacific in the third quarter valued at $7,105,000. AQR Capital Management LLC grew its position in shares of JAKKS Pacific by 75.9% in the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock valued at $4,835,000 after acquiring an additional 116,519 shares during the period. Geode Capital Management LLC increased its stake 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 purchasing an additional 12,809 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of 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 purchasing an additional 27,046 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Trading Up 3.7 %

Shares of JAKK stock opened at $28.15 on Thursday. The firm’s fifty day moving average price is $28.03 and its two-hundred day moving average price is $24.23. JAKKS Pacific has a 1 year low of $17.06 and a 1 year high of $36.63. The firm has a market capitalization of $309.37 million, a P/E ratio of 10.35 and a beta of 2.22.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The business had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. As a group, equities research analysts forecast that JAKKS Pacific will post 2.18 EPS 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.