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

Barclays PLC raised its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 62.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,037 shares of the company’s stock after acquiring an additional 6,526 shares during the quarter. Barclays PLC owned about 0.16% of JAKKS Pacific worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Hohimer Wealth Management LLC acquired a new stake in shares of JAKKS Pacific in the third quarter valued at approximately $230,000. Geode Capital Management LLC increased its stake in shares of JAKKS Pacific by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock valued at $5,057,000 after buying an additional 12,809 shares during the period. State Street Corp raised its position in shares of JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock worth $3,777,000 after acquiring an additional 5,901 shares during the last quarter. Philosophy Capital Management LLC acquired a new position in shares of JAKKS Pacific during the third quarter valued at $7,105,000. Finally, Portolan Capital Management LLC bought a new position in JAKKS Pacific in the third quarter valued at about $2,787,000. 44.38% of the stock is owned by institutional investors.

Insider Buying and Selling at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of JAKKS Pacific stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

JAKKS Pacific Price Performance

JAKKS Pacific stock opened at $27.70 on Friday. JAKKS Pacific, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $36.35. The firm has a market capitalization of $304.42 million, a price-to-earnings ratio of 10.18 and a beta of 2.23. The company’s 50 day simple moving average is $27.83 and its 200 day simple moving average is $25.08.

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 the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The company had revenue of $321.61 million during the quarter, compared to analyst estimates of $303.44 million. As a group, analysts predict that JAKKS Pacific, Inc. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. B. Riley increased their price objective 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. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.