JAKKS Pacific (NASDAQ:JAKK) Stock Crosses Above 200-Day Moving Average – Time to Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.99 and traded as high as $29.43. JAKKS Pacific shares last traded at $28.53, with a volume of 88,746 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on JAKK. B. Riley boosted their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Maxim Group initiated coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price target for the company. Finally, StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Price Performance

The firm has a market cap of $297.83 million, a PE ratio of 9.75 and a beta of 2.31. The business has a 50-day moving average price of $26.37 and a two-hundred day moving average price of $22.08.

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

Hedge Funds Weigh In On JAKKS Pacific

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of JAKKS Pacific by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock worth $7,961,000 after purchasing an additional 102,155 shares during the period. Vanguard Group Inc. raised its stake in shares of JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock valued at $9,272,000 after acquiring an additional 10,746 shares during the period. Philosophy Capital Management LLC acquired a new position in shares of JAKKS Pacific during the 3rd quarter valued at $7,105,000. AQR Capital Management LLC boosted its position in JAKKS Pacific by 75.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after purchasing an additional 116,519 shares during the period. Finally, American Century Companies Inc. increased its holdings in JAKKS Pacific by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 192,957 shares of the company’s stock valued at $3,456,000 after purchasing an additional 27,046 shares in the last quarter. Institutional investors and hedge funds 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.