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I maintain a buy rating for Hasbro with a price target of $88, citing multiple growth catalysts and attractive valuation at 14x NTM PE. Cost savings initiatives are on track, with management raising the target to $1 billion by 2027, providing flexibility for growth investments. Risks include potential weak demand for new products and margin pressures from US tariffs on Chinese imports amidst a soft consumer spending environment.
In the latest trading session, Hasbro (HAS) closed at $63.51, marking a +0.75% move from the previous day.
Hasbro's profitability has improved post-eOne divestiture, with 2024 being a mostly robust year for the firm despite a slight decline in revenues. The company enjoys a wide economic moat due to valuable intangible assets, cost advantages, and strong network effects, ensuring competitive resilience. Financial metrics show robust performance with high margins and efficient cash conversion, though core consumer product sales have weakened due to inflation.
SAN DIEGO, CA — America's Finest City is getting its very own edition of Monopoly, and San Diegans are invited to share their ideas for the board game. "Everybody loves San Diego," said Jennifer Tripsea, a spokesperson for Top Trumps USA, the American division of Winning Moves International and creators of classic games and puzzles. "It doesn't matter where you are in the world, it's world-famous." The first San Diego edition of the popular board game was published in 1995. Top Trumps USA will release the new edition of "Monopoly: San Diego Edition" in November, under license from game and toy company Hasbro. The game will replace the board game's famous property squares with San Diego businesses, nonprofits and landmarks. The San Diego board game will also include customized chance and community chest cards, as well as Monopoly money. "San Diego is such a unique and diverse community, with such a rich history," Tripsea said. "We know that San Diego has so much pride, and there's so
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS), a leading games, IP and toy company, today announced that Transformers One Power Flip Optimus Prime (Orion Pax) – an action figure that converts between four different modes, inspired by the iconic character in Paramount Animation and Hasbro's Transformers One film – won the Action Figure of the Year award on February 28 at the TOTY Awards gala in New York City. "Receiving this TOTY win for Transformers is an incredible honor,” said.
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, a leading games, IP, and toy company, returns to the North American International Toy Fair® in New York (March 1-4, 2025) to reveal an extraordinary lineup of announcements. The trade show officially unveils new IPs like Nano-mals, a stylish new PLAY-DOH BARBIE collection from Hasbro's licensing collaboration with Mattel, all-new games like CONNECT 4 Frenzy, MONOPOLY App Banking, MONOPOLY Expansion Packs, MONOPOLY CLASSIC BOARD refresh, and REBOUNCE, al.
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, a leading games, IP, and toy company, kicks off the North American International Toy Fair® in New York (March 1-4, 2025) by unveiling the magical new toy brand, Nano-mals, where handheld tech play meets nurture, sensory play and self-expression. These mini electronic companions, which double as interactive fidget toys, are pocket-sized and fit in the palm of your hand. They will squeak, giggle, and purr when you show them love by filling up their digita.
The latest trading day saw Hasbro (HAS) settling at $65.11, representing a -1.36% change from its previous close.
PAWTUCKET, R.I.--(BUSINESS WIRE)-- #ExpectingPigChanges--Today, Hasbro, Inc. (NASDAQ: HAS), a leading games, IP and toy company, revealed “PIG” news for PEPPA PIG and family with the announcement that Mummy Pig is pregnant! After more than twenty years of inspiring confidence and connection in preschoolers and their parents, the legendary family of four is about to undergo an evolution that will change the storied PEPPA PIG brand and entertainment forever. The family's exciting expansion will be showcased in the PEPP.
J.P. Morgan analyst Christopher Horvers reiterated an Overweight rating on the shares of Hasbro Inc HAS and maintained a price forecast of $75.00.