Brokerages Set JAKKS Pacific, Inc. (NASDAQ:JAKK) Price Target at $41.67

JAKKS Pacific, Inc. (NASDAQ:JAKK) has received a consensus rating of “Buy” from the four research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.67.

Several research firms recently commented on JAKK. B. Riley raised their price target 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. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

Insider Buying and Selling at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This trade 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 is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of JAKKS Pacific

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position 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 worth $7,961,000 after buying an additional 102,155 shares in the last quarter. Philosophy Capital Management LLC acquired a new stake in shares of JAKKS Pacific during the third quarter worth approximately $7,105,000. AQR Capital Management LLC grew its position 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 worth $4,835,000 after buying an additional 116,519 shares in the last quarter. Geode Capital Management LLC grew its position in shares of JAKKS Pacific by 6.9% during the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after buying an additional 12,809 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of JAKKS Pacific by 16.3% during the second quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock worth $3,456,000 after buying an additional 27,046 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $28.45 on Monday. The firm has a market cap of $312.67 million, a P/E ratio of 10.46 and a beta of 2.23. JAKKS Pacific has a 1-year low of $17.06 and a 1-year high of $36.35. The firm’s 50-day simple moving average is $27.77 and its 200-day simple moving average is $25.44.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, topping the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The business had revenue of $321.61 million for the quarter, compared to analyst estimates of $303.44 million. Analysts expect that JAKKS Pacific will post 3.59 earnings per share 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.