Evernest Financial Advisors LLC Acquires New Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Evernest Financial Advisors LLC bought a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,050 shares of the company’s stock, valued at approximately $1,437,000.

Several other institutional investors also recently bought and sold shares of the stock. Hohimer Wealth Management LLC bought a new stake in shares of JAKKS Pacific during the 3rd quarter worth $230,000. Sei Investments Co. grew its position in shares of JAKKS Pacific by 50.9% in the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after purchasing an additional 4,500 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of JAKKS Pacific in the third quarter worth about $317,000. Barclays PLC lifted its position in shares of JAKKS Pacific by 62.1% during the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after purchasing an additional 6,526 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its stake in JAKKS Pacific by 5.8% during the 3rd quarter. Kovack Advisors Inc. now owns 19,100 shares of the company’s stock valued at $487,000 after purchasing an additional 1,050 shares during the period. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock opened at $30.21 on Friday. The company’s fifty day moving average price is $27.88 and its two-hundred day moving average price is $25.68. The firm has a market capitalization of $332.01 million, a PE ratio of 11.11 and a beta of 2.23. JAKKS Pacific, Inc. has a 52-week low of $17.06 and a 52-week high of $36.35.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The firm had revenue of $321.61 million during the quarter, compared to analysts’ expectations of $303.44 million. Analysts predict that JAKKS Pacific, Inc. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. B. Riley upped their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company 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, the stock presently has an average rating of “Buy” and a consensus price target of $41.67.

Insider Buying and Selling

In related news, CFO John Louis Kimble sold 48,253 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 95,544 shares in the company, valued at $2,638,925.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

JAKKS Pacific 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.