JAKKS Pacific (NASDAQ:JAKK) Stock Price Passes Above Two Hundred Day Moving Average of $19.14

Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.14 and traded as high as $19.88. JAKKS Pacific shares last traded at $19.80, with a volume of 51,026 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of JAKKS Pacific to $21.00 and set a “hold” rating on the stock in a research note on Thursday, October 13th. StockNews.com assumed coverage on shares of JAKKS Pacific in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Ascendiant Capital Markets lowered their price objective on JAKKS Pacific to $30.00 in a report on Tuesday, November 15th.

JAKKS Pacific Stock Up 2.7 %

The business has a fifty day simple moving average of $17.87 and a two-hundred day simple moving average of $19.14. The company has a current ratio of 1.51, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61. The company has a market cap of $192.54 million, a PE ratio of 4.15 and a beta of 2.17.

JAKKS Pacific (NASDAQ:JAKK – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.10. The company had revenue of $323.00 million for the quarter, compared to analyst estimates of $279.36 million. JAKKS Pacific had a return on equity of 74.58% and a net margin of 5.78%. As a group, equities research analysts predict that JAKKS Pacific, Inc. will post 3.69 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new stake in shares of JAKKS Pacific in the 3rd quarter worth $165,000. Renaissance Technologies LLC increased its stake in shares of JAKKS Pacific by 113.8% in the 3rd quarter. Renaissance Technologies LLC now owns 345,118 shares of the company’s stock worth $6,671,000 after acquiring an additional 183,700 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of JAKKS Pacific in the 3rd quarter worth $1,349,000. Quinn Opportunity Partners LLC acquired a new stake in shares of JAKKS Pacific in the 3rd quarter worth $472,000. Finally, Caxton Associates LP acquired a new stake in shares of JAKKS Pacific in the 3rd quarter worth $745,000. Hedge funds and other institutional investors own 42.93% of the company’s stock.

About JAKKS Pacific

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JAKKS Pacific, Inc develops, produces, markets, sells, and distributes toys, consumables, and electronics and related products worldwide. It operates in 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, inflatable environments, tents, and wagons.