Hasbro Inc. ($HAS) Stock Forecast: Down 5.9% Today

What is Hasbro Inc.?

Hasbro (HAS) Market Hasbro is a leading toy and game company known for its popular brands like Monopoly, Transformers, and My Little Pony. The company has a strong presence in the entertainment industry with its diverse range of products catering to children and families.

Why is Hasbro Inc. going down?

HAS stock is down 5.9% on Nov 6, 2024 17:46

• Hasbro's stock might have experienced a bearish movement due to the lack of significant financial impact from the collaboration with Scooter's Coffee and the CANDY LAND themed menu items.
• Investors may have been expecting a more substantial partnership or revenue-generating announcement from Hasbro, leading to a sell-off of the stock.
• The market may have perceived the collaboration as more of a marketing initiative rather than a value-adding strategic move, resulting in a negative sentiment towards Hasbro's stock.
• Overall, the market reaction suggests that investors were underwhelmed by the news of the CANDY LAND themed menu items at Scooter's Coffee, leading to a bearish movement in Hasbro's stock.

HAS Price Chart

HAS Technical Analysis

HAS News

Hasbro and Scooter's Coffee® Bring the Sweet Adventures of CANDY LAND® to Life with New Character-Inspired Menu Items

OMAHA, Neb., Nov. 04, 2024 ( GLOBE NEWSWIRE ) -- This holiday season, Mr. Mint, Queen Frostine, Jolly Gumdrop, Gramma Nutt, and King Candy are bringing the magical and nostalgic world of CANDY LAND to Scooter's Coffee, under license from Hasbro, a leading toy and game company.

https://www.benzinga.com/pressreleases/24/11/g41713950/hasbro-and-scooters-coffee-bring-the-sweet-adventures-of-candy-land-to-life-with-new-character-ins

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Hasbro Inc. Price History

24.09.2024 - HAS Stock was down 6.4%

• Recent reductions in guidance from Hasbro and Mattel indicate a challenging market environment affecting toy sales, impacting Hasbro's performance.
• Despite a decrease in revenue, Hasbro exceeded earnings projections, indicating potential strength in managing costs and profitability.
• The decrease in inventory levels and the CFO's commitment to enhancing profitability suggest strategic initiatives to navigate sales declines and improve operational efficiency.
• Hasbro's track record of outperforming earnings expectations and optimistic outlook indicate the potential for recovery and growth despite prevailing market difficulties.

24.09.2024 - HAS Stock was down 6.2%

• Recently, Hasbro reported a third-quarter sales decline of 15% year-on-year, mainly due to the eOne film divestiture, causing a 39% drop in inventory.
• Despite surpassing earnings estimates, the revenue decline and negative impact on Partner and Portfolio Brands revenues in Q3 led to a significant bearish movement in the stock.
• The company’s CFO has made a commitment to achieve improved profitability by the end of 2024, offering a glimmer of hope for investors. However, current market sentiment appears to be influenced by the disappointing financial results and outlook.
• Additionally, soft consumer demand as highlighted by a preview of the earnings for Hasbro and its competitor Mattel by JPMorgan is contributing to the negative sentiment surrounding the stock.

24.09.2024 - HAS Stock was down 6.6%

• Reported a third-quarter sales decline of 15% year-on-year, missing analyst consensus estimates, leading to a bearish movement in the stock.
• The revenue decline was primarily attributed to the eOne film divestiture, indicating a strategic shift in the company's business operations.
• Despite surpassing earnings estimates, the overall revenue performance and inventory challenges have raised concerns among investors, contributing to the bearish market movement.
• The CFO's commitment to improving profitability by year-end may instill some confidence in investors, but the current market sentiment remains cautious due to the recent financial performance.

06.10.2024 - HAS Stock was down 5.9%

• Hasbro's stock might have experienced a bearish movement due to the lack of significant financial impact from the collaboration with Scooter's Coffee and the CANDY LAND themed menu items.
• Investors may have been expecting a more substantial partnership or revenue-generating announcement from Hasbro, leading to a sell-off of the stock.
• The market may have perceived the collaboration as more of a marketing initiative rather than a value-adding strategic move, resulting in a negative sentiment towards Hasbro's stock.
• Overall, the market reaction suggests that investors were underwhelmed by the news of the CANDY LAND themed menu items at Scooter's Coffee, leading to a bearish movement in Hasbro's stock.

14.05.2024 - HAS Stock was up 5.0%

• Mullen Automotive (MULN) stock showed significant bullish momentum today.
• The recent sale of 80 B4 trucks to Momentum Groups is driving positive market sentiment for Mullen Automotive.
• Investor optimism is on the rise following the strategic partnership announcement between Mullen Automotive and Momentum Groups for electric vehicle production and potential enhancements.
• The reported layoffs at Onsemi amidst a slowdown in EV demand potentially positioned Mullen Automotive as a prominent player in the EV market, with promising collaborations.

14.05.2024 - HAS Stock was up 5.4%

• The resilience and positive market performance of Hasbro stand out, even amidst an overall market decline, likely due to its strong brand recognition and loyal customer base.
• The slight uptick in Hasbro's stock price suggests that investors perceive the company as a reliable option or defensive stock in times of market downturns.
• Investor confidence in Hasbro's potential for future growth appears high, potentially boosted by successful product launches and strategic partnerships within the toy and entertainment sector.

14.05.2024 - HAS Stock was up 5.1%

• The sale of 80 B4 trucks to Momentum Groups has generated investor interest and optimism in Mullen Automotive's future prospects.
• There is potential for transforming the electric trucks into various utility vehicles, increasing the deal's versatility and value.
• Positive sentiment surrounding the Class 4 platform and mobile-charging solutions suggests a promising outlook for Mullen Automotive's growth in the EV market.
• The bullish movement in MULN stock may be linked to a successful sales strategy and innovative product offerings within the electric vehicle sector.

14.01.2024 - HAS Stock was up 5.2%

• Despite facing a decline in holiday sales and a dismal outlook, Hasbro's stock remained bullish, indicating potential investor confidence.
• During their earnings call, Hasbro shared a growth strategy, suggesting a positive outlook despite industry challenges.
• The CEO acknowledged the hurdles faced by the company and expressed a long-term perspective for potential recovery.
• The growing competition for children's attention, particularly with the rise of social media and streaming games, may have impacted Hasbro's sales but did not hinder the stock's bullish movement.

13.01.2024 - HAS Stock was down 5.6%

• Q4 earnings of Hasbro fell short of expectations, with a 23% decline in sales compared to the previous year.
• The company has revised its cost-cutting goal, possibly causing worry about its financial performance.
• The discouraging outcomes and pessimistic outlook might have influenced the bearish market trend for Hasbro's stock.

13.01.2024 - HAS Stock was down 1.8%

• Hasbro's stock declined due to lower sales and a cautionary statement about weak demand.
• The company's fourth-quarter earnings and revenue fell short of projections, primarily due to the underperformance of its Consumer Products and Entertainment divisions.
• Following the disappointing Q4 results, Hasbro's stock was downgraded by CFRA, although CFRA still recognizes the company as a key player.
• The downturn in Hasbro's stock can be attributed to the unsatisfactory financial performance and the stock downgrade by CFRA.

13.01.2024 - HAS Stock was down 5.1%

• Hasbro's stock is declining due to a recent drop in revenue and a pessimistic outlook. The company's sales in the fourth quarter of FY23 fell short of analyst expectations, decreasing by 23% compared to the previous year.
• Hasbro has announced plans to significantly reduce costs by $750 million by the end of 2025, aiming to improve future profitability. This decision highlights the company's concerns about its financial performance.
• This disappointing result marks the third consecutive earnings miss for Hasbro, with the largest shortfall since Q2 2020. This consistent underperformance may be contributing to the prevailing negative sentiment surrounding the stock.
• The bearish movement of Hasbro's stock today may also be influenced by the overall market sentiment, with the GBP displaying strength and the CHF showing weakness. Additionally, lower premarket trading in US stocks might be impacting investor sentiment towards Hasbro.

14.01.2024 - HAS Stock was up 6.5%

• Despite industry challenges and a less optimistic outlook for toy makers, Hasbro shared a growth strategy during its earnings call, which could have boosted investor confidence.
• Hasbro's stock initially dropped due to declining sales and a warning of further declines in the future. However, investors may have responded positively to the CEO's acknowledgment that turnarounds take time, indicating a long-term improvement plan.
• While Hasbro's Consumer Products and Entertainment segments performed modestly, the growth in the Wizards of the Coast and Digital Gaming segment could have provided some optimism to investors.
• Although toy makers face competition from social media and streaming games, investors may have found reassurance in Hasbro's efforts to adapt to these evolving trends.
• Overall, despite initial negative developments, Hasbro's outlined growth strategy and potential in specific segments could have contributed to the bullish market movement.