JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Down 21.0% in November

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 229,500 shares, a decline of 21.0% from the October 31st total of 290,500 shares. Based on an average daily trading volume, of 87,600 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity 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 transaction, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of JAKKS Pacific

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in JAKKS Pacific by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock valued at $7,961,000 after purchasing an additional 102,155 shares during the last quarter. Vanguard Group Inc. grew its holdings in JAKKS Pacific by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock valued at $9,272,000 after purchasing an additional 10,746 shares during the last quarter. Philosophy Capital Management LLC bought a new position in JAKKS Pacific during the 3rd quarter valued at about $7,105,000. AQR Capital Management LLC grew its holdings in JAKKS Pacific by 75.9% during the 2nd 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. Finally, Geode Capital Management LLC boosted its position in JAKKS Pacific by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock valued at $5,057,000 after buying an additional 12,809 shares during the period. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Stock Up 4.0 %

NASDAQ JAKK traded up $1.13 on Friday, reaching $29.13. The company had a trading volume of 55,941 shares, compared to its average volume of 102,995. The stock has a market capitalization of $320.14 million, a PE ratio of 10.71 and a beta of 2.31. The firm’s 50 day moving average price is $27.15 and its 200 day moving average price is $22.78. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share 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 for the quarter, compared to the consensus estimate of $303.44 million. On average, research analysts expect that JAKKS Pacific will post 2.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JAKK. Maxim Group began coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 target price on the stock. B. Riley lifted 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. Finally, StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.