Hasbro, Inc.’s Stock Price Soars to $62.26, Marking a 2.71% Uptick in Market Performance

Hasbro, Inc. (HAS)

62.26 USD +1.64 (+2.71%) Volume: 2.2M

Hasbro, Inc.’s stock price has shown a promising performance at 62.26 USD, marking a positive change of +2.71% in the latest trading session with a substantial trading volume of 2.2M, and an impressive year-to-date percentage increase of +21.93%, highlighting the company’s strong market presence and potential for investors.

Latest developments on Hasbro, Inc.

Hasbro Inc. has seen a series of key events leading up to today’s stock price movements. Massmutual Trust Co. FSB ADV recently acquired over 10,000 shares of Hasbro, Inc. (NASDAQ:HAS), indicating growing investor interest. Analysts have set a share price target of $70.42 for Hasbro, suggesting a 16.1% upside potential. Additionally, New Hampshire Trust has taken a position in the company, further boosting its market presence. Hasbro Inc. has also made strategic moves such as acquiring a majority stake in Backflip Studios and teaming up with Kingsmen Xperience to open the first-of-its-kind Planet Playskool FEC. These developments, along with Hasbro’s digital pivot and strong momentum as a top stock pick, have contributed to its current stock price movements.

Hasbro, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been bullish on Hasbro Inc., highlighting the company’s operational excellence and modern marketing strategies. In their research reports, they pointed out Hasbro’s CEO, Chris Cocks, emphasizing a refocused approach towards improving licensing, innovation, and operational efficiency. The company’s Q1 results showed a healthier balance sheet, leaner cost structure, and improved inventory position, indicating a positive shift in operations.

Furthermore, Baptista Research‘s coverage of Hasbro Inc. also highlighted the company’s increased utility of tabletop games and expansion into the video games space as major drivers for growth. CEO Chris Cocks outlined strategies focusing on fewer, bigger, and better products, leading to a reduction in SKUs and an emphasis on high-impact offerings. With a cautious outlook for 2024, Hasbro’s strategic moves towards digital domination and game-changing strategies are setting the stage for future growth, as mentioned in Baptista Research‘s insightful reports.

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

Hasbro Inc, a company known for designing and manufacturing toys and games, has received mixed reviews in its Smartkarma Smart Scores. While the company excels in areas such as dividends and momentum, scoring a 5 out of 5 in both categories, it falls short in terms of value, growth, and resilience, with scores of 2 each. This suggests that while Hasbro may be a strong choice for investors looking for steady dividends and strong market performance, there may be concerns about its long-term growth and ability to weather economic downturns.

Despite its lower scores in certain areas, Hasbro Inc remains a prominent player in the toy and game industry, offering a wide range of products including traditional board games, electronic learning aids, and action figures. With a focus on dividends and momentum, the company may continue to attract investors seeking stable returns and strong market performance. However, potential investors should carefully consider the company’s lower scores in value, growth, and resilience when evaluating its long-term outlook.

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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