by Alyssa Oursler | September 6, 2012 11:09 am
Shares of Disney (NYSE:DIS) continued to ride the company’s strong third quarter all the way to an all-time high of $51.24 Wednesday morning — and Disney is doing what it can to make sure that ride keeps going.
Over the past 12 months, the worldwide media and entertainment giant has gained about 56%, with a nearly 36% climb in 2012 alone.
The company most notably cashed in on its 2009 acquisition of Marvel, as the studio’s recent film “The Avengers” has grossed more than $1.49 billion in ticket sales worldwide and managed to balance out the flop of “John Carter.”
And the good news doesn’t end there. Disney also recently announced that the man behind the blockbuster hit signed on to make a sequel.
Plus, the entertainment giant’s offerings, as you know, don’t just end on the silver screen. The company is as diverse as any, boasting popular media networks — including Disney channels, ABC and ESPN — parks, resorts and consumer products.
And the company sure isn’t sitting still in those regards either.
In the parks and resorts segment, for example, Disney is moving forward with a new theme park called Fantasyland set to open in December.
On the consumer front, Disney is opening its first Disney Baby retail store in California Thursday.
The company’s line of infant apparel is already sold at retailers like Amazon (NASDAQ:AMZN) and Wal-Mart (NYSE:WMT), but Disney is looking to further build that line by opening more baby-specific stores and add the offerings to its Disney retail locations.
The infant and children’s apparel business is a good place to be. Children’s Place (NASDAQ:PLCE) and Carter’s (NYSE:CRI), for example, are up 42% and 91% respectively in the past 12 months.
So if Disney can cash in on that success — and continue to expand and improve all its offerings — the stock could be set to soar even more.
Source URL: http://investorplace.com/2012/09/disney-stock-soars-to-all-time-high/
Short URL: http://invstplc.com/1nvzGJT
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.