Hasbro, Inc.

(NASDAQ Global Select)
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Slightly Bearish -15

Bank of America Issues Pessimistic Forecast for Hasbro (NASDAQ:HAS ...

AI-generated analysis

πŸ“‰ Bank of America reduced its Hasbro price target from $115.00 to $105.00 while maintaining a 'buy' rating.

πŸ“‰ Citigroup lowered its objective from $114.00 to $101.00, and Wells Fargo cut its target from $92.00 to $85.00.

πŸ“‰ Zacks Research downgraded Hasbro from a 'strong-buy' to a 'hold' rating on July 13th.

πŸ“ˆ Hasbro reported Q1 EPS of $1.47, beating consensus estimates of $1.20 by $0.27.

πŸ“ˆ Revenue for the quarter reached $1 billion, up 12.7% compared to the previous year.

πŸ“Š The company achieved a positive return on equity of 174.64% despite a negative net margin of 4.62%.

🏦 Institutional investors own 91.83% of Hasbro's outstanding stock shares.

πŸ” A consensus of 15 analysts currently rates the stock as a 'Moderate Buy' with an average target of $109.71.

πŸ“… Analysts forecast full-year earnings per share to reach $6.04 for the current fiscal year.

Bullish Signals
  • Hasbro beat quarterly earnings expectations significantly, reporting $1.47 EPS versus a consensus of $1.20.
  • The company achieved strong revenue growth with a 12.7% year-over-year increase to $1 billion in the quarter.
  • Institutional ownership remains robust at 91.83%, indicating continued confidence from major investors.
  • Several funds, including University of Texas Texas AM Investment Management Co., acquired new stakes in the company.
Risk Factors
  • Bank of America issued a pessimistic forecast by reducing its price target to $105.00.
  • Multiple major brokerages including Citigroup and Wells Fargo have recently lowered their price targets.
  • Zacks Research downgraded the stock from 'strong-buy' to 'hold', reflecting deteriorating analyst sentiment.
  • The company reported a negative net margin of 4.62% during the recent quarter.
Full Analysis
Bank of America has lowered its price target for Hasbro (NASDAQ:HAS) from $115.00 to $105.00, citing a pessimistic forecast despite maintaining a 'buy' rating which implies potential upside. This move follows similar downgrades from other major institutions including Citigroup, Wells Fargo, and Zacks Research, which collectively suggest a cautious outlook for the toy giant's stock performance. The article details Hasbro's recent quarterly earnings released on May 13th, where the company reported $1.47 EPS, significantly beating analyst estimates of $1.20. Revenue reached $1 billion, representing a 12.7% year-over-year increase, though the firm recorded a negative net margin of 4.62%. Analysts currently forecast an annual EPS of $6.04 for the current year. Institutional ownership remains high at 91.83%, with notable activity from funds like CYBER HORNET ETFs LLC and University of Texas Texas AM Investment Management Co. acquiring new stakes. While some investors like Thurston Springer Miller Herd & Titak Inc. significantly increased their holdings, the prevailing analyst sentiment has shifted downward in recent weeks.