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

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 310,500 shares, an increase of 30.5% from the March 15th total of 237,900 shares. Based on an average daily trading volume, of 124,400 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JAKK. Ascendiant Capital Markets reduced their price objective on JAKKS Pacific from $41.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 1st. TheStreet downgraded JAKKS Pacific from a "b" rating to a "c+" rating in a research note on Friday, March 1st.

JAKKS Pacific Stock Performance

NASDAQ:JAKK traded up $0.18 during mid-day trading on Friday, reaching $22.90. 97,729 shares of the company's stock were exchanged, compared to its average volume of 113,687. JAKKS Pacific has a one year low of $15.30 and a one year high of $36.84. The business's fifty day simple moving average is $27.50 and its two-hundred day simple moving average is $27.63. The firm has a market capitalization of $247.27 million, a PE ratio of 6.72 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.47). JAKKS Pacific had a return on equity of 24.69% and a net margin of 5.24%. The business had revenue of $127.40 million for the quarter, compared to the consensus estimate of $136.54 million. As a group, equities research analysts forecast that JAKKS Pacific will post 3.73 EPS for the current year.

Hedge Funds Weigh In On JAKKS Pacific

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in shares of JAKKS Pacific by 357.8% during the 4th quarter. UBS Group AG now owns 1,401 shares of the company's stock worth $25,000 after purchasing an additional 1,095 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in JAKKS Pacific by 4,676.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the company's stock worth $25,000 after purchasing an additional 1,403 shares during the period. California State Teachers Retirement System acquired a new stake in JAKKS Pacific during the second quarter worth about $48,000. Legal & General Group Plc increased its holdings in JAKKS Pacific by 32.2% in the 4th quarter. Legal & General Group Plc now owns 1,450 shares of the company's stock valued at $52,000 after buying an additional 353 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of JAKKS Pacific in the 3rd quarter valued at approximately $58,000. 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.