Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Expands By 5.4%

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 237,900 shares, a growth of 5.4% from the February 29th total of 225,700 shares. Based on an average daily volume of 124,100 shares, the days-to-cover ratio is presently 1.9 days.

JAKKS Pacific Price Performance

JAKKS Pacific stock traded down $0.89 during midday trading on Friday, reaching $21.95. The stock had a trading volume of 159,291 shares, compared to its average volume of 125,808. The firm's fifty day simple moving average is $28.60 and its two-hundred day simple moving average is $27.37. JAKKS Pacific has a twelve month low of $15.30 and a twelve month high of $36.84. The firm has a market cap of $237.06 million, a price-to-earnings ratio of 6.44 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.47). JAKKS Pacific had a return on equity of 24.69% and a net margin of 5.24%. The firm had revenue of $127.40 million during the quarter, compared to analyst estimates of $136.54 million. As a group, sell-side analysts predict that JAKKS Pacific will post 3.73 EPS for the current fiscal year.

Analysts Set New Price Targets

JAKK has been the topic of a number of research analyst reports. Ascendiant Capital Markets lowered their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday. TheStreet lowered shares of JAKKS Pacific from a "b" rating to a "c+" rating in a research report on Friday, March 1st.

Hedge Funds Weigh In On JAKKS Pacific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JAKK. Janney Montgomery Scott LLC boosted its stake in shares of JAKKS Pacific by 11.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company's stock valued at $317,000 after buying an additional 1,689 shares during the period. Trexquant Investment LP bought a new position in shares of JAKKS Pacific during the 3rd quarter worth about $528,000. LSV Asset Management increased its holdings in shares of JAKKS Pacific by 86.4% during the 3rd quarter. LSV Asset Management now owns 117,796 shares of the company's stock worth $2,190,000 after purchasing an additional 54,601 shares during the period. Simplicity Solutions LLC increased its holdings in shares of JAKKS Pacific by 5.4% during the 3rd quarter. Simplicity Solutions LLC now owns 19,213 shares of the company's stock worth $357,000 after purchasing an additional 991 shares during the period. Finally, Barclays PLC boosted its position in shares of JAKKS Pacific by 280.4% during the 3rd quarter. Barclays PLC now owns 10,485 shares of the company's stock valued at $195,000 after acquiring an additional 7,729 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company's stock.

JAKKS Pacific Company Profile

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.