Hasbro, Inc.’s stock price plummets to $51.05, marking a 3.11% drop: Is it time to buy?

Hasbro, Inc. (HAS)

51.05 USD -1.64 (-3.11%) Volume: 2.89M

Hasbro, Inc.’s stock price currently stands at 51.05 USD, witnessing a dip of -3.11% this trading session with a trading volume of 2.89M. Despite the fluctuating market, its year-to-date (YTD) percentage change remains relatively stable at -0.02%, reflecting the resilience and potential growth of HAS stocks.

Latest developments on Hasbro, Inc.

Hasbro Inc‘s stock price has seen significant movement recently, due to a series of key events. Despite the success of ‘Baldur’s Gate 3’, which brought in $90M since its August release, the company’s stock dropped after another profit miss and a downbeat sales outlook. The toy giant also reported weaker first-half toy demand following a disappointing holiday quarter, with Transformers being a rare bright spot in their portfolio. The company’s Q4 2023 earnings results fell short of expectations, impacting the stock’s performance. Finally, Hasbro’s full-year revenue for 2023 was down by 15%, further contributing to the stock’s volatility.

Hasbro, Inc. on Smartkarma

Baptista Research has recently released a report on Hasbro Inc, a well-known brand in the toy and gaming industry. The report, titled “Initiation of Coverage – Digital Domination: How Its Game-Changing Strategies Are Setting the Stage for Growth! – Major Drivers,” highlights the company’s notable growth in Wizards and Digital, as well as its direct-to-consumer momentum and share gains in key categories. According to the report, Hasbro is successfully implementing its objectives and is on track to achieve its 2025 goal of gross savings between $250 million and $300 million earlier than expected.

The report also mentions Hasbro’s aim to return consumer products to growth, which is a promising sign for investors. With its strong brand reputation and strategic initiatives, Hasbro is poised for growth in the coming years. This report from Baptista Research provides valuable insights for investors looking to understand the potential of Hasbro Inc as an investment opportunity. To read the full report and learn more about Hasbro, visit the company’s profile on Smartkarma.

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 leading toy and game company, has received a Smartkarma Smart Score of 2 for value, indicating a moderate long-term outlook. The company’s strong score of 5 in dividend suggests that it is likely to provide stable returns to its shareholders. However, its growth and resilience scores of 2 also indicate a moderate outlook in these areas. Hasbro’s momentum score of 3 suggests that it is performing steadily in the market. Overall, the company’s outlook is positive, but with room for improvement in certain areas.

Hasbro Inc, a global leader in the production of toys and games, has received a Smartkarma Smart Score of 2 for value, indicating a moderate long-term outlook. The company’s impressive score of 5 in dividend highlights its commitment to providing consistent returns to its investors. However, with scores of 2 in growth and resilience, Hasbro may face some challenges in these areas in the long term. Its momentum score of 3 suggests that the company is maintaining a steady performance in the market. Overall, Hasbro has a positive outlook, but may need to focus on improving its growth and resilience in the future.

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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