JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above 200-Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.87 and traded as high as $27.77. JAKKS Pacific shares last traded at $27.68, with a volume of 57,071 shares trading hands.

Wall Street Analyst Weigh In

JAKK has been the topic of several recent analyst reports. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. B. Riley boosted their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JAKKS Pacific currently has an average rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific Trading Up 2.1 %

The company has a fifty day moving average price of $27.99 and a two-hundred day moving average price of $24.93. The firm has a market capitalization of $303.54 million, a PE ratio of 10.15 and a beta of 2.23.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.36. The company 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%. As a group, equities research analysts predict that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $27.62, for a total transaction of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at $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 SEC, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of JAKKS Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in JAKKS Pacific by 75.9% in 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. Creative Planning purchased a new position in JAKKS Pacific during the second quarter worth about $527,000. Geode Capital Management LLC lifted its position in 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 during the period. State Street Corp grew its holdings in JAKKS Pacific by 4.2% in the 3rd quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after buying an additional 5,901 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of JAKKS Pacific by 34.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company’s stock valued at $2,733,000 after acquiring an additional 38,818 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

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.