Hasbro Inc. (NASDAQ:HAS) Overview: Growth and Challenges
Summary
Hasbro (HAS) shows strong stock performance, outperforming broader markets with an 8.25% monthly gain, supported by a Goldman Sachs $85 price target. Despite anticipated declines in upcoming earnings (EPS down 36.89%, revenue down 12.36%), the company remains a long-term momentum pick by Zacks. Its $10.34 billion market cap and recent trading volatility highlight growth potential from its 52-week low.
Hasbro Inc. (NASDAQ:HAS) Overview: Growth and Challenges
Hasbro Inc. (NASDAQ:HAS), a prominent player in the toy and entertainment industry, is recognized globally for iconic brands such as Monopoly, Nerf, and Transformers. The company's extensive operations encompass toys, games, and entertainment content creation, positioning it in direct competition with industry leaders like Mattel and LEGO.
Analyst Outlook and Price Target
Michael Ng, an analyst at Goldman Sachs, recently set a price target of $85 for Hasbro. This target suggests a potential 15.14% upside from its current trading price of $73.82, indicating a positive outlook on the stock's future performance.
Recent Stock Performance
Hasbro's stock has demonstrated commendable performance in recent trading sessions. It closed the latest session at $73.13, marking a 1.13% increase from the previous day. This gain surpassed the S&P 500's 0.52% rise and the Dow's 1% uptick. Over the past month, HAS stock has seen an 8.25% increase, outperforming the Consumer Discretionary sector's 6.1% gain and the S&P 500's 5.95% rise. This consistent positive trend lends support to the optimistic price target set by Goldman Sachs.
Upcoming Earnings and Future Prospects
Anticipation is building for Hasbro's upcoming earnings report. Analysts project an Earnings Per Share (EPS) of $0.77, which would represent a 36.89% decline compared to the same quarter last year. Revenue is forecast at $872.3 million, indicating a 12.36% decrease year-over-year. Despite these anticipated declines, Zacks Investment Research continues to consider Hasbro a top momentum stock for long-term investment.
Market Capitalization and Trading Dynamics
Hasbro currently boasts a market capitalization of approximately $10.34 billion. On the NASDAQ exchange, the stock recorded a trading volume of 1,980,306 shares. The stock has exhibited notable volatility, fluctuating between a low of $72.23 and a high of $73.97 during the latest trading day. Its 52-week high stands at $73.97, while its 52-week low was $49, suggesting considerable growth potential from its annual low.