Barclays PLC Has $435,000 Stake in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Barclays PLC raised its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 62.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,037 shares of the company’s stock after purchasing an additional 6,526 shares during the quarter. Barclays PLC owned 0.16% of JAKKS Pacific worth $435,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. nVerses Capital LLC bought a new position in JAKKS Pacific during the second quarter valued at about $25,000. Meeder Asset Management Inc. raised its stake in shares of JAKKS Pacific by 1,617.0% in the second 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. 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 worth $219,000 after purchasing an additional 1,636 shares during the period. Sei Investments Co. boosted its stake in JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after buying an additional 4,500 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in JAKKS Pacific in the 3rd quarter valued at $317,000. Institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JAKK shares. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. B. Riley upped their price objective on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, JAKKS Pacific presently has an average rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Stock Up 1.1 %

Shares of JAKK stock opened at $28.39 on Friday. The company has a market capitalization of $312.01 million, a P/E ratio of 10.44 and a beta of 2.22. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $36.63. The firm has a 50-day moving average price of $28.14 and a 200 day moving average price of $24.32.

JAKKS Pacific (NASDAQ:JAKK) last posted its 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 company had revenue of $321.61 million during the quarter, compared to analysts’ expectations of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. As a group, research analysts expect that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $27.62, for a total transaction of $1,332,747.86. Following the transaction, the chief financial officer now directly owns 95,544 shares in the company, valued at approximately $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% 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.