JAKKS Pacific, Inc. (NASDAQ:JAKK) Sees Large Decrease in Short Interest

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 290,500 shares, a decline of 9.2% from the October 15th total of 319,900 shares. Based on an average daily volume of 80,400 shares, the short-interest ratio is currently 3.6 days.

Institutional Trading of JAKKS Pacific

A number of large investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. boosted its stake in JAKKS Pacific by 35.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock worth $2,433,000 after buying an additional 25,900 shares during the last quarter. Vanguard Group Inc. increased 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 worth $9,272,000 after purchasing an additional 10,746 shares during the last quarter. AQR Capital Management LLC increased 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 worth $4,835,000 after purchasing an additional 116,519 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in JAKKS Pacific by 32.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,718 shares of the company’s stock worth $783,000 after purchasing an additional 7,708 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of JAKKS Pacific by 154,821.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 21,689 shares of the company’s stock worth $388,000 after acquiring an additional 21,675 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Trading Down 0.0 %

Shares of JAKK opened at $27.09 on Tuesday. The firm has a market cap of $297.72 million, a P/E ratio of 9.96 and a beta of 2.31. The company’s 50-day moving average price is $26.45 and its 200 day moving average price is $22.18. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. The firm 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%. Equities research analysts forecast that JAKKS Pacific will post 2.18 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on JAKK shares. Maxim Group started 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 for the company. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley raised 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. 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 data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.