PLBY Group, Inc. (NASDAQ:PLBY) Receives Consensus Rating of “Buy” from Analysts

Shares of PLBY Group, Inc. (NASDAQ:PLBY – Get Rating) have received an average rating of “Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.71.

Several research firms recently commented on PLBY. Roth Capital reiterated a “buy” rating on shares of PLBY Group in a report on Wednesday, March 2nd. Chardan Capital reduced their price objective on PLBY Group from $49.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. Canaccord Genuity Group reduced their price objective on PLBY Group from $47.00 to $36.00 in a report on Wednesday, March 2nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $28.00 price objective (down from $36.00) on shares of PLBY Group in a report on Wednesday, April 20th. Finally, Zacks Investment Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 5th.

Shares of PLBY traded up $0.35 during trading hours on Monday, hitting $10.18. The company had a trading volume of 30,227 shares, compared to its average volume of 1,347,594. The firm has a fifty day moving average price of $13.88 and a 200-day moving average price of $22.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 1.18. The stock has a market capitalization of $433.81 million, a price-to-earnings ratio of -5.29 and a beta of 2.87. PLBY Group has a 52-week low of $9.46 and a 52-week high of $63.04.

PLBY Group (NASDAQ:PLBY – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($1.36). The company had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $82.96 million. PLBY Group had a negative return on equity of 15.12% and a negative net margin of 32.33%. PLBY Group’s revenue for the quarter was up 106.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. Research analysts anticipate that PLBY Group will post 0.31 earnings per share for the current fiscal year.

In related news, CFO Lance Barton sold 66,218 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $15.62, for a total transaction of $1,034,325.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tracey E. Edmonds sold 14,993 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $14.48, for a total value of $217,098.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 54,280 shares of company stock valued at $833,171 and have sold 321,059 shares valued at $4,885,721.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in PLBY Group by 17.7% in the 4th quarter. BlackRock Inc. now owns 1,645,293 shares of the company’s stock worth $43,830,000 after purchasing an additional 247,239 shares in the last quarter. State Street Corp lifted its holdings in PLBY Group by 22.5% in the 4th quarter. State Street Corp now owns 494,565 shares of the company’s stock worth $13,175,000 after purchasing an additional 90,881 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PLBY Group by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 420,403 shares of the company’s stock worth $11,199,000 after purchasing an additional 33,944 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in PLBY Group by 0.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 260,580 shares of the company’s stock worth $6,942,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PLBY Group by 17.2% during the 4th quarter. Northern Trust Corp now owns 256,744 shares of the company’s stock worth $6,840,000 after acquiring an additional 37,634 shares in the last quarter.

About PLBY Group (Get Rating)

PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as products that enhance sexual experience, lingerie, bedroom accessories, intimates, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.

Read More