JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 211,800 shares, a growth of 18.7% from the December 31st total of 178,500 shares. Based on an average daily volume of 92,800 shares, the days-to-cover ratio is currently 2.3 days.

JAKKS Pacific Stock Down 0.4 %

JAKK stock traded down $0.13 during trading on Friday, hitting $30.08. The company had a trading volume of 137,977 shares, compared to its average volume of 71,197. The firm has a 50-day moving average price of $27.97 and a 200-day moving average price of $25.83. JAKKS Pacific has a 12 month low of $17.06 and a 12 month high of $36.35. The stock has a market cap of $330.58 million, a price-to-earnings ratio of 11.06 and a beta of 2.23.

JAKKS Pacific (NASDAQ:JAKK) last posted 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 firm had revenue of $321.61 million during the quarter, compared to analysts’ expectations of $303.44 million. Equities analysts expect that JAKKS Pacific will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

JAKK has been the subject of a number of research analyst reports. B. Riley lifted their target price on shares of 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 upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $41.67.

Insider Buying and Selling at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of JAKKS Pacific 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in JAKKS Pacific in the 4th quarter worth approximately $89,000. Lynch Asset Management Inc. acquired a new stake in JAKKS Pacific during the 4th quarter worth $204,000. Hohimer Wealth Management LLC acquired a new stake in JAKKS Pacific during the 3rd quarter worth $230,000. Sei Investments Co. grew its holdings in JAKKS Pacific by 50.9% during the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after acquiring an additional 4,500 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in JAKKS Pacific during the 3rd quarter worth $317,000. Institutional investors own 44.38% of the company’s stock.

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.