Hasbro, Inc.’s Stock Price Drops to $61.76, Recording a 3.58% Decline: An In-depth Analysis of HAS’s Market Performance

Hasbro, Inc. (HAS)

61.76 USD -2.29 (-3.58%) Volume: 1.97M

Hasbro, Inc.’s stock price stands at 61.76 USD, experiencing a trading session dip of -3.58%, with a trading volume of 1.97M. Despite this, Hasbro’s stock has shown a strong YTD increase of +20.93%, showcasing its resilience in the market.

Latest developments on Hasbro, Inc.

Today, Hasbro Inc. stock experienced fluctuations in response to a series of events. The company faced a class action lawsuit announcement by Bronstein, Gewirtz and Grossman, LLC, prompting shareholders with losses to take action. Despite this, National Bank of Canada FI increased its stock holdings in Hasbro Inc. Investors who suffered losses were advised to contact Levi & Korsinsky regarding the pending class action. On a positive note, Hasbro Inc. collaborated with TRANSFORMERS in the game Puzzles & Survival, boosting investor confidence. The stock price rose on Tuesday, outperforming the market, but fell on Wednesday, underperforming. Despite these movements, Hasbro Inc. stock continued to outperform the market overall. Amidst legal challenges, including securities law violations lawsuits, investors were urged to seek counsel by leading law firms. The company also faced shareholder alerts and lawsuits, indicating a turbulent period for Hasbro Inc. stock.

Hasbro, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been covering Hasbro Inc closely. In their report “Hasbro Inc.: Will The Recent Diversification and Innovation in Product Lines Catalyze Growth? – Major Drivers,” they highlighted the mixed results from Hasbro’s third quarter 2024 earnings. The robust performance of gaming and licensing were positive takeaways, with MAGIC: THE GATHERING and Dungeons and Dragons segments showing resilience and high profitability margins.

Another analyst, Odd Lots, discussed in their report “How a Traditional Toymaker Is Going Big on Digital Games” how Hasbro’s Monopoly, originally created as a critique of capitalism, has become a massively successful game. With over $3 billion in revenue from the app version, Hasbro’s CEO, Chris Cox, will be discussing the development of Monopoly and other games. These insights provide investors with valuable information on Hasbro Inc‘s performance and strategic direction.

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 that designs and manufactures toys and games, has received mixed Smart Scores in various categories. While it scored well in the Dividend category with a score of 4, indicating a strong outlook for dividend payouts, it scored lower in Value, Growth, Resilience, and Momentum. This suggests that while the company may provide stable dividend returns, its overall long-term outlook may face challenges in terms of growth and value.

Despite its lower scores in Value, Growth, Resilience, and Momentum, Hasbro Inc remains a prominent player in the toy and game industry. With a wide range of products including games, interactive software, and infant products, the company has established a strong presence both in the United States and internationally. While its Smart Scores indicate areas for improvement, Hasbro Inc‘s diverse product offerings and market presence position it well for continued success in the industry.

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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