I still recommend buying Hasbro, setting a price target of $88 due to several growth opportunities and a good valuation at 14 times next year's earnings. The company is on track with its cost-saving plans, aiming for $1 billion by 2027, which will allow for more growth investments. However, there are risks, such as possibly low demand for new products and margin pressures from US tariffs on imports from China, especially in a time of weak consumer spending.
In the most recent trading session, Hasbro (HAS) finished at $63.51, which is an increase of 0.75% compared to the day before.
In the most recent trading session, Hasbro (HAS) finished at $63.51, which is an increase of 0.75% compared to the day before.
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS), a top company in games, intellectual property, and toys, announced today that the Transformers One Power Flip Optimus Prime (Orion Pax) action figure, which can change into four different modes and is based on the famous character from the Transformers One film by Paramount Animation and Hasbro, won the Action Figure of the Year award at the TOTY Awards in New York City on February 28. "Winning this TOTY award for Transformers is a great honor," said a representative.
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, a top company in games, intellectual property, and toys, is launching a new toy brand called Nano-mals at the North American International Toy Fair® in New York from March 1-4, 2025. These small electronic companions, which also serve as interactive fidget toys, are designed to fit in your hand. They respond with sounds like squeaks, giggles, and purrs when you show them affection by filling up their digital needs.
On the most recent trading day, Hasbro (HAS) closed at $65.11, which is a decrease of 1.36% compared to its last closing price.
We have just released a list of 10 companies that are performing well despite the market decline. In this article, we will examine how Hasbro, Inc. (NASDAQ:HAS) compares to these standout firms. On Thursday, negative feelings continued in the stock market as investors chose to sell their shares in […]
Hasbro's Wizards of the Coast (WotC) division is experiencing growth with strong profits, thanks to popular intellectual properties like Baldur's Gate 3 and the Universes Beyond sets for Magic: The Gathering. Although Hasbro's revenue has dropped by 3%, their cost-cutting measures and smart licensing strategies are helping to improve profit margins, with a 4% increase in EBITDA anticipated for next year. Additionally, Hasbro's decreased dependence on manufacturing in China reduces tariff risks, while WotC continues to thrive, contributing to the positive EBITDA forecast.
On February 20, Hasbro announced that video games, services, and eCommerce will be important for their new plan to achieve growth. These areas are part of one of the five main components of Hasbro's "Playing to Win" strategy, as stated in a press release. The company focuses on games, intellectual property, and toys.
Hasbro's stock jumped 13.2% by 1:25 p.m. ET on Thursday after the company exceeded analysts' expectations for both sales and earnings earlier today.