Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Increases By 5.9%

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

JAKKS Pacific Stock Down 0.3 %

Shares of JAKKS Pacific stock opened at $28.07 on Friday. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.63. The stock has a market cap of $308.49 million, a PE ratio of 10.32 and a beta of 2.22. The business has a fifty day simple moving average of $28.10 and a 200-day simple moving average of $24.26.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. The firm had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. Analysts expect that JAKKS Pacific will post 2.18 EPS for the current fiscal year.

Insider Transactions at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of JAKKS Pacific 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 sale, the chief financial officer now owns 95,544 shares of the company’s stock, valued at $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC raised its holdings 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 buying an additional 6,526 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in JAKKS Pacific during the third quarter worth approximately $230,000. Geode Capital Management LLC grew its holdings in JAKKS Pacific by 6.9% during the third 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 during the last quarter. State Street Corp raised its position in shares of JAKKS Pacific by 4.2% in the third quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after purchasing an additional 5,901 shares during the period. Finally, Philosophy Capital Management LLC acquired a new stake in shares of JAKKS Pacific in the third quarter worth $7,105,000. Institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JAKK shares. B. Riley raised their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.