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

Barclays PLC boosted its position in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 62.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,037 shares of the company’s stock after buying an additional 6,526 shares during the quarter. Barclays PLC’s holdings in JAKKS Pacific were worth $435,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Hohimer Wealth Management LLC bought a new position in shares of JAKKS Pacific during the 3rd quarter worth approximately $230,000. Rhumbline Advisers grew its position 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. Banque Cantonale Vaudoise bought a new position in JAKKS Pacific in the third quarter valued at $317,000. Sei Investments Co. increased its stake in JAKKS Pacific by 50.9% in the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after buying an additional 4,500 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its position in JAKKS Pacific by 5.8% during the 3rd quarter. Kovack Advisors Inc. now owns 19,100 shares of the company’s stock worth $487,000 after buying an additional 1,050 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JAKK shares. B. Riley lifted their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.67.

JAKKS Pacific Price Performance

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

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The firm had revenue of $321.61 million for the quarter, compared to the consensus estimate of $303.44 million. As a group, analysts expect that JAKKS Pacific, Inc. will post 3.59 EPS for the current year.

Insider Buying and Selling

In other news, CFO John Louis Kimble sold 48,253 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by insiders.

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.