JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Up 30.5% in March

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 310,500 shares, an increase of 30.5% from the March 15th total of 237,900 shares. Based on an average trading volume of 124,400 shares, the short-interest ratio is presently 2.5 days.

JAKKS Pacific Stock Performance

JAKK stock opened at $22.90 on Monday. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84. The stock’s 50 day moving average price is $27.50 and its 200 day moving average price is $27.70. The firm has a market cap of $247.32 million, a P/E ratio of 6.72 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.47). JAKKS Pacific had a return on equity of 24.69% and a net margin of 5.24%. The business had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $136.54 million. On average, research analysts predict that JAKKS Pacific will post 3.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of JAKKS Pacific in the 4th quarter worth $1,355,000. Vanguard Group Inc. raised its position in shares of JAKKS Pacific by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 364,649 shares of the company’s stock worth $12,963,000 after buying an additional 4,660 shares during the period. Wellington Management Group LLP purchased a new position in shares of JAKKS Pacific in the 4th quarter worth $1,066,000. Goldman Sachs Group Inc. purchased a new position in shares of JAKKS Pacific in the 4th quarter worth $795,000. Finally, Legal & General Group Plc raised its position in shares of JAKKS Pacific by 32.2% in the 4th quarter. Legal & General Group Plc now owns 1,450 shares of the company’s stock worth $52,000 after buying an additional 353 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JAKK. TheStreet cut JAKKS Pacific from a “b” rating to a “c+” rating in a report on Friday, March 1st. Ascendiant Capital Markets lowered their price target on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

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.