32 stories mentioning HASUpdated 5h ago
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John Hight, President, WOTC, on July 30, 2026, sold 3,186 shares in Hasbro (HAS) for $298,551. Following the Form 4 filing with the SEC, Hight has control over a total of 67,557 common shares of the company, with 67,557 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/46080/000203343926000006/xslF345X05/wk-form4_1785442720.xml
Hasbro's (HAS) valuation multiple has compressed further even at a time when its business is inflecting, with Wizards segment revenue potentially exceeding the Consumer Products business at roughly six to seven times the profitability of the toy business, UBS Securities said Monday in an emailed note.Volume is the key driver of gaming margins, so Hasbro delivering more than 45% of underlying margin for the Wizards segment, adjusted for impairment, against low-double-digit growth for the year implies second half Wizards margins in the low 40s% range, according to the note.Hasbro has not yet disclosed the timing of its new launches, but Exodus launch is expected in early 2027, followed by Warlock in the second half. The combined cost of the two games could be roughly $330 million, not all of which is amortizable, the note added.UBS raised its 2027 EPS estimate to $6.83 from $6.27, and lifted its full-year 2026 EPS estimate to $6.16 from $5.78. It now expects full-year 2026 revenue growth of 7.1%, at the upper end of the 5% to 7% guidance range, as the company's implied guidance for the back half leaves room for upside, the brokerage said.UBS maintained a buy rating on Hasbro and raised its price target to $120 from $110.Price: $89.42, Change: $+0.63, Percent Change: +0.71%
Hasbro (HAS) has an average rating of buy and mean price target of $109.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $89.11, Change: $+0.32, Percent Change: +0.36%
Hasbro (HAS) is well-positioned to beat and raise in H2 as its fiscal year guidance for low-double-digit growth in the Wizards segment leaves room for upside in the latter half of the year, UBS Securities said.Despite amortization expenses related to Exodus and Warlock and marketing spend of $50 million to $75 million for the Wizards segment, Hasbro is guiding better-than-feared margins for the Wizards next year.The company shifting development into lower-cost regions with robust talent pools could drive a 25% reduction in digital spend by 2028, implying further upside to the full operating profit margin profile of the company heading into 2027 and 2028, according to the note Tuesday.UBS said Hasbro's increased fiscal 2026 revenue, operating margin and EBITDA guidance should help ease investor concerns that the company had been too conservative about its outlook for the Wizards segment.The investment firm said it has increased confidence in upside to its 2027 earnings estimate of $6.27 per share, citing improving visibility into Wizards growth, digital spending reductions and margin expansion.UBS reiterated its buy rating on the stock, with a price target of $110 per share.Price: $88.92, Change: $+0.14, Percent Change: +0.16%
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal Q2 results above Wall Street's expectations. Hasbro shares jumped past 8%.America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported. Its shares were down 0.6%.Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.1%.
Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal second-quarter results above Wall Street's expectations, sending the toymaker's shares higher Tuesday.The company now anticipates revenue to increase between 5% and 7% at constant currencies for 2026, compared with its prior outlook range of 3% to 5% growth.Net revenue for the quarter ended June 28 jumped 16% annually to $1.14 billion, exceeding the FactSet-polled consensus of $1.07 billion. Adjusted earnings fell to $1.28 a share from $1.30 a year earlier, but topped the Street's $1.14 views."Magic: The Gathering eclipsed $500 million in quarterly revenue for the first time in its 30-plus year history, led by the record-breaking debut of Marvel Super Heroes," Hasbro Chief Executive Chris Cocks said in an earnings release. "With strong indications for our remaining releases and line of sight to continued growth in 2027, the Magic flywheel is firing on all cylinders."The company's shares were up 8.6% in afternoon trade, bringing its year-to-date gains to 7.7%.Second-quarter revenue in the Wizards of the Coast and digital gaming division rose 27% to $663.8 million, driven by a 30% increase in tabletop gaming sales to $528.3 million. The digital and licensed gaming business' revenue increased 17%, while the entertainment segment saw a 20% drop related to "the nature and timing of deals," Hasbro said.The company lost about $25 million of revenue in the quarter due to a cybersecurity event identified earlier in the year and expects to incur additional costs related to the incident in the future, it said.Hasbro increased its share repurchase target for the year to a minimum of $200 million from $100 million, Chief Financial Officer and Chief Operating Officer Gina Goetter said in prepared remarks.The company also outlined its plans for its digital future. "We are taking lower conviction projects out of the portfolio, reducing our annual spend base and concentrating investment behind the places where Hasbro has the best chance to build durable digital franchises," Cocks said. "We expect our total digital spend to decrease at least 25% annually by 2028."Price: $87.41, Change: $+5.82, Percent Change: +7.13%
Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% higher.UTZ Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said. Shares of UTZ Brands were up more than 88% pre-bell.Hasbro (HAS) stock was up more than 3% after the company reported fiscal Q2 adjusted earnings and net revenue that topped analysts' expectations.Genuine Parts (GPC) posted higher Q2 adjusted earnings and net sales. Shares of Genuine Parts were down more than 6% premarket.
US equity futures were tracking in the green on Tuesday as traders await the latest batch of corporate earnings and assess the latest developments in the Middle East.The S&P 500 rose 0.5%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 1.3% in premarket activity. The indexes closed the previous trading session lower.Charles Schwab (SCHW), Danaher (DHR), 3M (MMM), Northrop Grumman (NOC), General Motors (GM), D.R. Horton (DHI), Genuine Parts (GPC) and Hasbro (HAS) are some of the major companies scheduled to release their latest financial results before the bell.Interactive Brokers (IBKR) and Alaska Air (ALK) post earnings after the markets close, among others."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."The UK Maritime Trade Operations said Tuesday it has received multiple reports that a tanker was struck by an unknown projectile in the Strait of Hormuz. The US Central Command said Monday its forces completed their latest round of strikes against Iran.A senior official from Tehran told Reuters that mediators have forwarded a 10-day ceasefire proposal to Iran in an attempt to revive the interim deal reached with the US last month. Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia, effective immediately, CNBC reported, citing Yemen News Agency.President Donald Trump said Monday that "every time Iran kills an American soldier they will pay for that killing many times over." The US recently confirmed the passing of at least three service members during recent fighting with Iran.West Texas Intermediate crude oil edged up 0.3% to $83.49 a barrel before the opening bell, while Brent increased 0.4% to $89.60.Trump signed three proclamations on Monday to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada, in response to its "discriminatory treatment of American products," according to the White House. The tariffs are set to come into effect after 30 days.Treasury yields were moving downwards in premarket action, with the two-year rate retreating 1.9 basis points to 4.2% and the 10-year rate off 0.4 basis points to 4.59%.Gold advanced 1.4% to $4,073 per troy ounce, while bitcoin climbed 1.9% to $66,296.
Consumer stocks were edging higher pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.1%.Bath & Body Works (BBWI) said it opened its first store in Brazil, marking its entry into the country and expanding its global footprint beyond 45 countries. Shares of Bath & Body Works were up more than 4% premarket.Del Monte (DMC) has amended its senior unsecured revolving credit facility, increasing total commitments by $150 million to $900 million, the company said. Del Monte stock was up more than 1% pre-bell.Hasbro (HAS) has entered into a new licensing partnership with Nintendo to develop toys based on the Legend of Zelda franchise. Shares of Hasbro were 0.4% lower premarket.
Hasbro (HAS) has an average rating of buy and mean price target of $110.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $80.61, Change: $+2.19, Percent Change: +2.79%
Hasbro (HAS) has an average rating of buy and mean price target of $113.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $78.61, Change: $+1.22, Percent Change: +1.58%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month price target of $120, based on 20x our FY 26 EPS estimate and above the company's three-year average forward P/E multiple of 15.6x, reflecting our view the company will demand a higher multiple as margins expand and its Wizards/Digital Gaming segment becomes a larger portion of revenues. We maintain our FY 26 and FY 27 EPS estimates of $6.00 and $6.30, respectively. We upgrade shares after a 15% pullback from its 52-week high. HAS continues to expand margins well above peers and grow its top line thanks to its Wizards/Digital Gaming segment, which saw revenue grow 26% Y/Y to $582.0M with operating profit of $298M (+29% Y/Y) and a robust 51.2% operating margin. We expect investors to pay up for best-in-class fundamentals and one of the top performers in all of retail. HAS's Q1 2026 revenue increased 13% Y/Y to $1.0B, $34M above estimates. Adjusted operating profit increased to $287M (+29% Y/Y).
Hasbro's (HAS) unchanged full-year guidance does not signal slowing momentum in the second half, UBS Securities said, adding it still sees "sizable upside" to the company's fiscal year outlook driven by strength in Magic and gaming.The brokerage said in a Wednesday note that investors are focused on implied deceleration in Magic after strong Q1 performance and unchanged guidance but added that both Hasbro owned IP and backlist demand have come in ahead of management expectations.UBS said its Magic: The Gathering checks indicate strong underlying demand for Secrets of Strixhaven released on April 24, and added this does not imply deceleration in MTG trends.The investment firm said Hasbro's stock reaction presents an "attractive buying opportunity," citing a solid execution story with likely multiple inflections ahead.UBS reiterated its buy rating with a $110 price target.Shares of Hasbro were up 2.5% in Thursday trading.Price: $90.81, Change: $+2.21, Percent Change: +2.49%
Hasbro's (HAS) bull case remains intact even after its shares pulled back amid a guidance reiteration and a "sizeable" Q1 beat, Morgan Stanley said in a Wednesday note."We view the pullback as a buying opportunity, with the bull case intact, underpinned by continued proof points of growth durability with compelling asymmetric risk/reward," it said.The report pointed the sharp pullback to commentary on tight trading card capacity, which could limit the company's ability to chase incremental demand later in the year, particularly Q4.The note said this has introduced some uncertainty into the near-term setup, with the capacity question potentially lingering as an overhang."Given the strength of the Magic ecosystem and strong loyalty/switching costs, we would expect that demand toultimately be captured," the report said.Morgan Stanley raised its price target to $124 from $123 and kept its overweight rating on the stock.Price: $88.40, Change: $-0.20, Percent Change: -0.23%
US stocks rebounded Wednesday as traders parsed minutes of the Federal Reserve's latest monetary policy meeting, while Treasury yields slid.The Nasdaq Composite rose 1.5% to 26,270.4, while the S&P 500 advanced 1.1% to 7,433, both rising after a three-day fall. The Dow Jones Industrial Average added 1.3% to 50,009.4. Most sectors ended in the green, led by consumer discretionary, while energy saw the biggest drop.Fed officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated, the meeting minutes showed.However, majority of Fed officials pointed out "that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%.""The discussion at the April meeting suggests the (Federal Open Market Committee) is becoming increasingly worried about the inflation outlook," Sal Guatieri, senior economist at BMO Capital Markets, said in a report. "While it is in no rush to raise rates, that possibility will only grow if inflation remains stubbornly high."Treasury yields plunged in Wednesday late-afternoon trade, with the 10-year yield rate declining 9.6 basis points to 4.58% and the two-year rate retreating 7.4 basis points to 4.05%.Bond yields have surged amid mounting concerns about inflation. Higher yields drove a sell-off in stocks on Tuesday, according to Macquarie."The state of play now and following the end of earnings season, is that stock indexes are likely to remain sensitive to what happens to long-term yields," Macquarie said in note Wednesday. "Should yields go higher (for whatever reason), stocks will slip further."West Texas Intermediate crude oil was last down 5.5% at $98.47 a barrel, while Brent fell 5.6% to $105.03.US President Donald Trump said on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to a Reuters report.Shares of airlines and cruise operators were notable gainers on Wednesday, with United Airlines (UAL) up 10%, the top gainer on S&P 500. Delta Air Lines (DAL) jumped 9.4%, among the best performers on the index, along with Carnival (CCL) and Norwegian Cruise Line (NCLH).In other company news, Hasbro (HAS) reported a first-quarter operating loss for the consumer products division even as the toymaker delivered stronger-than-expected results at the consolidated level. The stock slid 8.8%, the worst performer on the S&P 500.Target (TGT) shares fell 3.9%, among the steepest declines on the S&P 500. The retailer lifted its full-year sales growth outlook as it recorded higher-than-expected fiscal first-quarter results.TJX (TJX) raised its full-year outlook after posting stronger-than-expected fiscal first-quarter results, with comparable sales rising across all segments. The stock climbed 5.6%.Gold was last up 0.8% at $4,549.30 per troy ounce, while silver rose 1.8% to $76.48 per ounce.
US equity indexes ended higher on Wednesday after crude oil prices fell and the tech sector rose ahead of Nvidia's (NVDA) results.* President Donald Trump said negotiations with Iran are in the final stages, though he warned of further attacks unless Tehran agrees to a deal, Reuters reported.* Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said.* A majority of FOMC participants appear to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting released Wednesday showed.* July West Texas Intermediate crude oil fell $5.76 to settle at $98.39 per barrel, while July Brent crude, the global benchmark, was last seen down $6.30 at $104.98.* United Airlines (UAL) shares rose 10%, the biggest gain on the S&P 500, a day after the company forecast double-digit increases in demand this summer, with more than 53 million passengers from June to August, up 3 million from a year earlier.* Hasbro (HAS) shares fell 8.8%, the steepest decline on the S&P, after the company reported a Q1 operating loss for the consumer products division amid flat sales.
Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.3%.In corporate news, GameStop (GME) increased its stake in eBay (EBAY) to about 6.6%, according to a Schedule 13D filed with the Securities and Exchange Commission. GameStop shares rose 2.6%, and eBay gained 3.9%.TJX (TJX) raised its full-year outlook Wednesday after posting stronger-than-expected fiscal Q1 results, with comparable sales rising across all segments. Its shares popped 5.6%.Lowe's (LOW) reported fiscal Q1 results above market estimates, while the home improvement retailer affirmed its full-year outlook. Shares rose 0.9%.Hasbro (HAS) shares dropped past 9%. The company reported a Q1 operating loss for the consumer products division amid largely flat sales even as the toymaker delivered stronger-than-expected results at the consolidated level.
US benchmark equity indexes were higher intraday as traders awaited minutes of the Federal Reserve's last policy meeting and tech bellwether Nvidia's (NVDA) results.The Nasdaq Composite was up 1.2% at 26,185.8 after midday Wednesday, while the Dow Jones Industrial Average advanced 1.1% to 49,894.5. The S&P 500 rose 0.9% to 7,417.3. Among sectors, consumer discretionary paced the gainers, while energy saw the biggest drop.The Federal Open Market Committee is scheduled to publish minutes of its most recent policy meeting at 2 pm. Last month, the central bank held interest rates steady, saying the Middle East conflict is fueling uncertainty around the US economic outlook.Three FOMC officials opposed including an easing bias in the April monetary policy statement."The minutes will no doubt offer further insight into the conversation and discussion around the latest statement language, which led to a plethora of dissents, as well as the committee's assessment of current conditions amid the ongoing international conflict and the outlook for policy and rates in the coming months," Stifel said in a note.Shares of Nvidia were up 1.8% intraday, with the chipmaker scheduled to report its fiscal first-quarter results after the closing bell.Nvidia's sales are expected to outperform market projections, BofA Securities said in a note e-mailed Tuesday."Markets are still supported by (artificial intelligence) expectations, but higher yields are putting pressure on expensive growth stocks, making Nvidia's earnings later today one of the week's most important catalysts for the broader technology sector," Saxo Bank said in a report Wednesday.Bond yields have surged amid mounting concerns about inflation. Higher yields drove a sell-off in stocks on Tuesday, according to Macquarie.Treasury yields were down intraday Wednesday, with the 10-year yield rate declining 7.9 basis points to 4.59% and the the two-year rate retreating 5.7 basis points to 4.07%."The state of play now and following the end of earnings season, is that stock indexes are likely to remain sensitive to what happens to long-term yields," Macquarie said in note Wednesday. "Should yields go higher (for whatever reason), stocks will slip further."West Texas Intermediate crude oil declined 6.1% to $97.80 a barrel intraday, while Brent fell 6% to $104.60.US President Donald Trump said on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to a Reuters report."Either have a deal or we're going to do some things that are a little bit nasty, but hopefully that won't happen," Trump was quoted as saying in the report.In other company news, Hasbro (HAS) reported a first-quarter operating loss for the consumer products division even as the toymaker delivered stronger-than-expected results at the consolidated level. The stock was down 8.3% intraday, the worst performer on the S&P 500.Target (TGT) shares fell 3.8%, among the steepest declines on the S&P 500. The retailer lifted its full-year sales growth outlook as it recorded higher-than-expected fiscal first-quarter results.TJX (TJX) raised its full-year outlook after posting stronger-than-expected fiscal first-quarter results, with comparable sales rising across all segments. The stock was advancing by 6.2%.Gold was up 0.6% at $4,536.50 per troy ounce, while silver rose 1.4% to $76.24 per ounce.
Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.2%.In corporate news, Lowe's (LOW) reported fiscal Q1 results above market estimates, while the home improvement retailer affirmed its full-year outlook. Shares rose 0.8%.Hasbro (HAS) shares dropped past 6%. The company reported a Q1 operating loss for the consumer products division amid largely flat sales even as the toymaker delivered stronger-than-expected results at the consolidated level.Target (TGT) raised its full-year sales growth outlook on Wednesday as the retailer recorded higher-than-expected fiscal first-quarter results. Shares still fell 4%.
Hasbro (HAS) reported a Q1 operating loss for the consumer products division on Wednesday amid largely flat sales, even as the toymaker delivered stronger-than-expected results at the consolidated level.Shares dropped 7%, with intraday trading volume rising to over 3.2 million from a daily average of about 1.7 million.Analog Devices (ADI) shares dropped nearly 6% after the company reported fiscal Q2 results on Wednesday.Intraday trading volume rose to more than 5.9 million from the stock's daily average of about 3.7 million.Price: $90.69, Change: $-6.50, Percent Change: -6.68%
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