Hasbro, Inc. (NASDAQ:HAS) continues to gain momentum in both the investment and toy industry. Corporations like First Trust Advisors LP and the State of Tennessee Department of Treasury sold their HAS holdings, but others entities were vying for a stake. Prominent investors like Oxford Asset Management LLP, Hsbc Holdings PLC, Adage Capital Partners GP L.L.C., and Banco Bilbao Vizcaya Argentaria S.A. have all increased their holdings. This is largely driven by the company's impressive Q1 results, which exceeded expectations, causing a 16% jump in stock value. Even though the decision on Hasbro's potential HQ move has been delayed and there are ongoing concerns about tariffs, the CEO maintains the company is 'well positioned' for any outcomes. Hasbro thus reveals a new game plan and strategic focus, cutting costs and gearing up for strong earnings. Ratings agencies Citigroup and Monness Crespi & Hardt have even upgraded the company. However, there is still ongoing speculation surrounding the tariffs and potential impact on toy prices.
Hasbro Stocks HAS News Analytics from Wed, 08 Jan 2025 08:00:00 GMT to Sat, 03 May 2025 07:15:18 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -2
