In the market the company is trading down by -3.85 percent from yesterday’s close. Company shares last traded at $3.75 which is marginally under the 50 day moving average which is $4.22 and which is slightly below the 200 day moving average of $5.03. The 50 day moving average was down $-0.47 whereas the 200 day moving average was down $-1.28 or -25.51%.
Investors are feeling more bullish on the company if you take note of the downtick in short interest. The firm realized a fall in short interest between June 15, 2017 and May 31, 2017 of -9.09%. Short interest fell from 4,364,255 to 3,967,686 over that timeframe. The short-interest ratio increased to 22.4 and the percentage of shorted shares is 0.21% as of May 31.
JAKKS Pacific, Inc., launched on January 5, 1995, is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys..
The following firms have also recently changed their position in JAKK. Tower Research Capital LLC (trc) trimmed its position by selling 3,188 shares a decrease of 62.3% in the quarter. Tower Research Capital LLC (trc) controls 1,931 shares worth $11,000. The total value of its holdings decreased 57.7%. Goldman Sachs Group Inc bolstered its holdings by buying 117 shares an increase of 0.5% as of 03/31/2017. Goldman Sachs Group Inc claims 24,530 shares valued at $135,000. The total value of its holdings increased 7.1%.
As of the end of the quarter Oasis Management Co Ltd. had acquired 47,543 shares growing its holdings by 3.4%. The value of the investment in (JAKK) increased from $7,189,000 to $7,939,000 a change of 10.4% for the reporting period. As of quarter end State Street Corp had sold a total of 222 shares trimming its stake by 0.1%. The value in dollars went from $1,480,000 to $1,580,000 increasing 6.8% quarter to quarter.
Equity analyst Jefferies added JAKK to its research portfolio with an initial rating of “Hold”. On May 23, 2017 DA Davidson issued its first research report on the stock by announcing an initial rating of “Neutral”.
On October 27 the company was upgraded from “Market Perform” to “Outperform” in an announcement from BMO Capital. On August 20 analysts at Oppenheimer started covering the stock with a rating of “Outperform” and a price target of $15.00.
On July 7 the company was set at “Market Perform” according to a BMO Capital report which is down from the previous “Outperform” rating. On April 20 the company was changed to a “Neutral” in a report from B. Riley a cut from the previous “Buy” rating.
JAKKS Pacific, Inc. currently has a P/E ratio of 234.37 and the market cap is 71.24M. In the latest earnings report the EPS was $0.02 and is projected to be $0.34 for the current year with 18,998,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.86 with next year’s EPS anticipated to be $0.41.