Banque Cantonale Vaudoise Acquires Shares of 12,407 JAKKS Pacific, Inc. (NASDAQ:JAKK)

Banque Cantonale Vaudoise acquired a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 12,407 shares of the company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JAKK. nVerses Capital LLC acquired a new stake in shares of JAKKS Pacific during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in JAKKS Pacific by 1,617.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after acquiring an additional 3,331 shares during the last quarter. Lazard Asset Management LLC increased its stake in JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after purchasing an additional 1,020 shares in the last quarter. Rhumbline Advisers increased its stake in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in JAKKS Pacific by 50.9% in the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Maxim Group initiated coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They issued a “buy” rating and a $46.00 price objective for the company. B. Riley upped their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, JAKKS Pacific presently has an average rating of “Buy” and a consensus price target of $41.67.

JAKKS Pacific Stock Down 2.4 %

NASDAQ JAKK opened at $27.74 on Friday. The company has a market capitalization of $304.86 million, a PE ratio of 10.20 and a beta of 2.31. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $36.84. The firm’s 50 day moving average is $26.77 and its 200-day moving average is $22.38.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $4.60 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 the consensus estimate of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. As a group, sell-side analysts expect that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

JAKKS Pacific 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.