JAKKS Pacific, Inc. (NASDAQ:JAKK) CFO John Louis Kimble Sells 48,253 Shares

JAKKS Pacific, Inc. (NASDAQ:JAKK) 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 value of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares in the company, valued at $2,638,925.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

JAKKS Pacific Trading Up 0.2 %

Shares of NASDAQ:JAKK traded up $0.05 during midday trading on Friday, reaching $27.79. The company had a trading volume of 64,735 shares, compared to its average volume of 102,918. JAKKS Pacific, Inc. has a 52-week low of $17.06 and a 52-week high of $36.84. The company’s 50 day moving average price is $26.77 and its 200 day moving average price is $22.38. The stock has a market cap of $305.41 million, a P/E ratio of 10.20 and a beta of 2.31.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results 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. The company had revenue of $321.61 million during 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%. Research analysts forecast that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.

Institutional Trading of JAKKS Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in JAKKS Pacific during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of JAKKS Pacific by 1,617.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after purchasing an additional 3,331 shares in the last quarter. Lazard Asset Management LLC boosted its position in JAKKS Pacific by 13.0% during the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after buying an additional 1,020 shares during the period. Rhumbline Advisers lifted its position in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new position in shares of JAKKS Pacific in the third quarter worth $230,000. 44.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. B. Riley boosted their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Maxim Group initiated coverage on 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 upgraded 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, JAKKS Pacific 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.