Victory Capital Management Inc. Decreases Stock Holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Victory Capital Management Inc. trimmed its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 17.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,166 shares of the company’s stock after selling 3,411 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of JAKKS Pacific worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Creative Planning purchased a new position in shares of JAKKS Pacific during the second quarter valued at approximately $527,000. Pacific Ridge Capital Partners LLC raised its holdings 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 purchasing an additional 38,818 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock valued at $4,835,000 after purchasing an additional 116,519 shares during the last quarter. Sei Investments Co. raised its holdings in shares of JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of JAKKS Pacific by 29.8% during the second quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after purchasing an additional 102,155 shares during the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $29.13 on Friday. The firm has a fifty day moving average price of $27.15 and a 200-day moving average price of $22.78. The stock has a market cap of $320.14 million, a PE ratio of 10.71 and a beta of 2.31. JAKKS Pacific, Inc. has a 1 year low of $17.06 and a 1 year high of $36.84.

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

Insider Transactions at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on JAKK. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Maxim Group began coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 target price for the company. Finally, B. Riley upped their target price 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. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, JAKKS Pacific presently has a consensus rating of “Buy” and a consensus target price of $41.67.

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.