Hasbro (HAS) stocks have been through a roller-coaster ride in recent times. Amid market dynamics, the company's stocks have outpaced on certain days, reaching a 52-week high of $69.73. Institutional investors, including Bridges Investment Management Inc., Massachusetts Financial Services Co. MA, and State of New Jersey Common Pension Fund D, have shown a keen interest by buying and selling shares. Over the past six months, company shares jumped by 35% but also attracted market uncertainties. The stock sparked long-term growth opinions considering its momentum. Morgan Stanley places Hasbro on its \u2018highest conviction\u2019 list. The company embarked on strong transformations, yielding notable returns. It's performance has also surged due to Q2 earnings and revenue beat, leading to analysts’ optimistic ratings and BofA's upgrade. Despite potential acquisition interest from Mattel, worrying sales outlook overshadowed Hasbro's stocks. Bullish analyst suggests the company's digital gaming strategy being underestimated by consensus estimates. Nevertheless, cost-cutting measures and inventory reductions played well boosting margins. The company projects lower 2024 sales, meeting expectations for Q2 earnings. A cautious approach arises due to an upcoming dividend while the toymaker's turnaround strategy reflects in its quarterly results.
Hasbro Stocks HAS News Analytics from Mon, 18 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 10:37:57 GMT -
Rating 5
- Innovation 8
- Information 2
- Rumor 5
