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While technology stocks get a lot of attention from the media, there are a lot of attractive options in the consumer goods space as well. Here are four stocks in that sector that I'd buy without any hesitation.
JAKK's diverse product portfolio, growing international presence and financial discipline pave the foundation for growth.
JAKKS Pacific's post-earnings rally last fall quickly lost momentum, perhaps due to one of several companies and/or macro-related factors. However, with JAKK trading for only 7.4x forward earnings, the next round of positive news could drive substantial gains for shares. In fact, renewed bullishness could arrive as soon as Q4 2024 results hit the street, which is expected to happen late next month.
The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like JAKK, GIII, SUN, FIHL and EIG hold promise.
Mattel and JAKKS Pacific have been highlighted in this Industry Outlook article.
The Zacks Toys - Games - Hobbies industry benefits from robust demand for sports toys, fashion dolls and accessories, and STEM toys. Stocks like MAT and JAKK are well-positioned at the moment.
Jakks (JAKK) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
The consensus price target hints at a 45.3% upside potential for Jakks (JAKK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Declining sales, particularly in key international markets, and rising costs are dampening JAKKS Pacific's growth prospects.
SANTA MONICA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK), a global leader in toys and consumer products, is thrilled to announce that two of its products have earned a spot on Walmart's Top Toys list for 2024. The featured items, the Sonic the Hedgehog 3 - Ultimate Talking Sonic and the Walmart Exclusive - Wild Manes Sugar Crush Carnival Set, will be available this fall, just in time for the holiday season.