JAKKS Pacific, Inc. (NASDAQ:JAKK) had expected its pre-holiday moves, in tying with leading films would see good sales. The toy maker was proved right in this regard, though marginally lesser than expected numbers, thanks to its part-deal with Disney for a doll pact for the Frozen movie.
Jakks pacific has been the traditional seller of Disney’s dolls but the late September deal between competitor Hasbro (HAS) and Disney for the global sale of its dolls including the current favorite Frozen has affected the Jakks quarterly numbers in the past few months.
Piper Jaffray: Toys sales optimal
Analysts Piper Jaffray on-site studies at the start of the Black Friday shopping season resulted in identifying the forerunners to the years largest selling blockbuster event.
The investment firms forecast that the highest sales traffic belonged to toy stores where subtle sales activities were heading for a sales showdown!
The key product sale centered round the sale of Disney (NYSE:DIS) owned Frozen princess dolls as the sales of this doll appeared to be higher than the expectations.
JAKKS Pacific, Inc.(NASDAQ:JAKK) found other analysts reiterating their ratings. The strong relative volumes as of November 28, 2014 have led to analysts calling attention to likely activities such as merger and acquisitions or material stock news. Indications of analyst upgrades including insider buying or purchasing from large investors or hedge funds are also indicators of big action to follow.
JAKKS Pacific, Inc.(NASDAQ:JAKK) despite major loss in the largest shopping season was found to bear better than competitor Mattel due to better deals with Hollywood-based toy licenses. As Disney’s dolls continue to rule the roost- be it Transformers or Frozen princesses, makers and seller of these dolls will reflect maximum sales numbers.
JAKK according to analysts enjoys a dollar to volume average of $3.1 million and is selling at about 212,495 shares per day. Analysts declare that the current trading 2.83 times the usual volume.