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

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

Insider Buying and Selling at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 95,544 shares in the company, valued at $2,638,925.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On JAKKS Pacific

A number of hedge funds have recently bought and sold shares of JAKK. Barclays PLC boosted its position in JAKKS Pacific by 62.1% during the third quarter. Barclays PLC now owns 17,037 shares of the company’s stock valued at $435,000 after acquiring an additional 6,526 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of JAKKS Pacific in the 3rd quarter valued at about $230,000. Geode Capital Management LLC boosted its position 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 valued at $5,057,000 after purchasing an additional 12,809 shares in the last quarter. State Street Corp grew its stake in JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock worth $3,777,000 after purchasing an additional 5,901 shares during the period. Finally, Philosophy Capital Management LLC bought a new stake in JAKKS Pacific in the third quarter worth approximately $7,105,000. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Trading Up 3.7 %

NASDAQ JAKK opened at $28.15 on Wednesday. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.63. The firm has a market capitalization of $309.37 million, a PE ratio of 10.35 and a beta of 2.22. The business’s 50-day moving average price is $27.97 and its two-hundred day moving average price is $24.20.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results 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 business had revenue of $321.61 million during the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. As a group, analysts forecast that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

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. 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 research note on Thursday, October 31st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $41.67.

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.