Hasbro, Inc. (HAS) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Hasbro, Inc. (NASDAQ: HAS), a leading toy and game company based in Pawtucket, Rhode Island, was founded in 1923 and operates in the Consumer Cyclical sector within the Leisure Products sub-industry. The company serves a diverse market across the United States, Europe, and Asia, strategically organizing its operations into three main segments: Consumer Products, which focuses on sourcing and selling a wide array of toys and games; Wizards of the Coast and Digital Gaming, dedicated to trading cards and online gaming experiences; and Entertainment, which creates compelling content for multiple media platforms. Recognized for its iconic franchises like NERF and TRANSFORMERS, Hasbro is publicly traded, making it accessible for investments.
Financial Performance and Market Sentiment
As of the latest reports, Hasbro’s total revenue stands at approximately $4.54 billion, indicating strong financial performance and positioning the company favorably for potential investors in the Consumer Discretionary segment. The current stock price of $71.21, with a target high of $90.00, reflects promising upside potential, while the mean price target is estimated at $73.42. This data suggests a positive market sentiment, especially given the relatively low short-sell rate of approximately 4.67% of the float, which implies that investor outlook for Hasbro’s stocks is optimistic.
Moreover, the stock demonstrates resilience, with its current price near the fifty-two-week high of $72.25 and significant recovery from a low of $42.66. Analysts support this positive perspective, with an average recommendation mean of 1.8 citing a “buy” position based on cumulative opinions from twelve analysts.
Outlook and Investment Considerations
The stock analysis reveals an encouraging investment landscape for Hasbro, aiming to capitalize on its strong revenue trends and positive market sentiment. With a projected high price of $90.00 and a median target of $74.00, Hasbro’s stock exhibits potential for significant appreciation. The ongoing upward trend highlighted by a fifty-day average of $65.32 strengthens the narrative of steady growth in the near future. Investors looking for favorable returns in the leisure industry might find Hasbro a compelling opportunity given its solid financial standing and bullish market forecasts.
| Metric | Value |
|---|---|
| Market Cap | $9.9b |
| Total Debt | $4.0b |
| Total Cash | $1.1b |
| Shares Outstanding | 139.4m |
| Float Shares | 131.2m |
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