Hasbro Inc. (HAS) has been a subject of investment discussion recently, with mixed views from the market. The stock had increased by 20% over six months due to a number of factors. Some of these include strong first-quarter earnings and a positive response to its cost-cutting efforts. Despite this, the past week saw the stock decline by 3.3%. A number of investors have adjusted their positions, with several groups including Parallel Advisors and Epoch Investment Partners registering sell-offs. Simultaneously, some investors like Capital Research Global Investors and Corient Private Wealth are increasing their stake in Hasbro.
When it comes to Hasbro's financial performance, varied opinions persist. While the company registered a revenue miss in Q1, it still outperformed the market. In contrast, other reports suggest the company could perform better, as it falls short when compared to the earnings of other consumer stocks.
Despite these challenges, there are promising signs. Hasbro's strength is recognized by several analysts, with predictions of long-term growth. Yet, in the face of a weak holiday season and rumors of a sales dip, Hasbro's stock did take a hit, declining 18% over a year.
Hasbro Stocks HAS News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 08:19:44 GMT -
Rating 3
- Innovation -3
- Information 6
- Rumor -5
