Hasbro, Inc.’s Stock Price Slides to $60.51, Marking a 2.69% Decrease: What’s Next for HAS?

Hasbro, Inc. (HAS)

60.51 USD -1.67 (-2.69%) Volume: 2.05M

Hasbro, Inc.’s stock price currently stands at 60.51 USD, experiencing a dip of 2.69% this trading session, despite a substantial YTD growth of 18.51%. With a robust trading volume of 2.05M, HAS continues to be a pivotal player in the stock market.

Latest developments on Hasbro, Inc.

Hasbro Inc. has been making headlines recently with various key events impacting its stock price movements. The company recently participated in the JP Morgan Global Technology, Media, and Communications Conference, which may have contributed to its stock rise on Tuesday, outperforming the market. Additionally, National Bank of Canada FI increased its stake in Hasbro, showing confidence in the company’s future. Hasbro’s commitment to community involvement was also recognized, being named one of the Civic 50 Most Community-Minded Companies for the 12th consecutive year. Despite some challenges, such as the decrease in Q3 2024 EPS estimates by analysts, Hasbro continues to attract investors like Apollon Wealth Management LLC, who recently invested $223,000 in the company. With ongoing developments and positive market performance, Hasbro remains a key player in the consumer discretionary sector.

Hasbro, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Hasbro Inc, highlighting the company’s operational excellence and modern marketing strategies. In their report titled “Hasbro Inc.: A Story Of Operational Excellence Benefits and Modern Marketing Strategies! – Major Drivers,” they emphasized the positive shift in operations and CEO Chris Cocks’ focus on improving licensing, innovation, and operational efficiency. The company’s Q1 results showed a healthier balance sheet, leaner cost structure, and improved inventory position.

Furthermore, Baptista Research‘s report “Hasbro Inc: Increased Utility of Tabletop & Expansion Into Video Games Space & 5 Other Major Drivers! – Financial Forecasts” discussed the company’s refocusing strategy and cautious outlook for 2024. CEO Chris Cocks outlined Hasbro’s philosophy of fewer, bigger, better products, leading to a reduction in SKUs and a focus on high-impact products. This coverage reflects optimism about Hasbro’s growth potential and strategic direction in the toy and gaming industry.

A look at Hasbro, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Hasbro Inc, the company seems to have a strong outlook for its dividend and momentum. With a high score in these two factors, Hasbro Inc is likely to continue providing steady dividend payouts to its investors while maintaining a positive momentum in the market. However, the company’s scores for value, growth, and resilience are relatively lower, indicating some room for improvement in these areas. Overall, Hasbro Inc‘s long-term outlook appears promising, especially in terms of its dividend yield and market momentum.

Hasbro, Inc. is a company that designs, manufactures, and markets a wide range of toys, games, and infant products both domestically and internationally. Their product line includes various games such as board games, card games, electronic games, and puzzles, as well as dolls and action figures. While the company shows strength in its dividend payouts and market momentum, there is potential for growth and improvement in its value, growth, and resilience factors. Despite this, Hasbro Inc‘s solid foundation in the toy and game industry positions it well for continued success in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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