Hasbro’s (HAS) stock has experienced a turbulent period, with stock prices dipping despite an EPS beat and a neutral stance maintained by Citi. This comes despite Hasbro’s Q3 2024 earnings surpassing estimates and the company declaring a quarterly dividend of $0.70. Despite several stock declines, Hasbro also had periods of strong rally, spiking up 31% YTD and 35% in 6 months, showing strong moments of growth. A major factor driving this growth was the company's impressive transformation and a strong EPS win and inventory play. Also, significant investor actions, such as Tectonic Advisors LLC buying 12,419 shares, further endorsed its strong performance. Hasbro's updated price targets also reflected potential for growth with the figures being raised to both $73.00 and $82.00 consecutively. Other factors affecting Hasbro's stock include JPMorgan Chase & Co. increasing the price target to $82.00 and Bank of America claiming its stock could gain 40%. However, challenges remain, such as the company’s digital gaming business grapples with traditional toy challenges.
Hasbro Stocks HAS News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Fri, 25 Oct 2024 16:26:09 GMT -
Rating 7
- Innovation -6
- Information 7
- Rumor -4
