Last Updated: 07 Nov 2024
Executive Summary
Hasbro Inc. (HAS) is a leading global toy and board game company with a strong brand portfolio and a history of innovation. The company has been facing challenges in recent years due to the impact of the COVID-19 pandemic and rising costs, but it is expected to benefit from the recovery in consumer spending and its focus on digital initiatives. Hasbro's stock price has been volatile in recent months, but it is currently trading at a discount to its analyst target price.
Company Overview
Hasbro Inc. is headquartered in Pawtucket, Rhode Island, and has been in business for over 100 years. The company designs, manufactures, and markets a wide range of toys, games, and other products for children and adults. Hasbro's brands include Transformers, G.I. Joe, Monopoly, and Nerf. The company also owns the entertainment company eOne, which produces films and television shows.
Fundamental Analysis
Hasbro's financial performance has been mixed in recent years. The company's revenue declined in 2020 and 2021 due to the impact of the COVID-19 pandemic. However, revenue rebounded in 2022, and the company is expected to continue to grow in the coming years. Hasbro's profitability has also been impacted by rising costs, but the company is taking steps to improve its margins.
Hasbro's balance sheet is strong, with the company having a low level of debt and a large amount of cash on hand. The company also has a strong brand portfolio and a loyal customer base.
Technical Analysis
Hasbro's stock price has been volatile in recent months, but it is currently trading at a discount to its analyst target price. The stock is currently trading above its 50-day moving average, but below its 200-day moving average. The relative strength index (RSI) is currently at 50, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Hasbro's stock price is expected to be volatile in the short term, as the company navigates the challenges of the COVID-19 pandemic and rising costs. However, the company's strong brand portfolio and focus on digital initiatives are expected to support its growth in the coming quarters.
Long Term Outlook
Hasbro's long-term outlook is positive. The company is expected to benefit from the recovery in consumer spending and its focus on digital initiatives. Hasbro's strong brand portfolio and loyal customer base are also expected to support its growth in the coming years.
Analyst Recommendations
The majority of analysts have a buy or strong buy rating on Hasbro's stock. The average analyst target price is $78.94, which represents a potential upside of 24% from the current price.
