Hasbro Inc. reported a mixture of performance with its stock. Multiple investment groups, including
Natixis Advisors L.P,
Swiss National Bank, and
New York Life Investment Management LLC, have reduced their stockholdings. However,
Kovitz Investment Group Partners LLC and
Van ECK Associates Corp have bolstered their holdings significantly. The toymaker stock underperformed in the market, juxtaposing the times it outperformed. First-quarter earnings surpassed estimates, leading to a surge in the stock price. Analyst reviews also incline towards both extremes, with revisions in the stock price due to outlook on 'Magic: The Gathering'.
Hasbro's cost-cutting measures boosted margins amidst wavering stock performance. The company's Q1 earnings beat estimates, causing a surge in the stock.
Hasbro is being projected as a top-ranked value and growth stock despite a weak holiday season which affected the toy industry.
ClearBridge Mid Cap Strategy's performance was reportedly weighed down by Hasbro's performance as the firm's short interest expanded by 7.2%. The toymaker also issued a downbeat 2024 outlook.
Hasbro Stocks HAS News Analytics from Tue, 05 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 01:47:18 GMT -
Rating -3
- Innovation 0
- Information 2
- Rumor -5
