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Shares of Hasbro (HAS -12.36%), Mattel (MAT -16.36%), and Funko (FNKO -17.94%) were getting crushed today as investors reacted to President Donald Trump's announcement of reciprocal tariffs last night.
Hasbro (HAS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
In the latest trading session, Hasbro (HAS) closed at $60.54, marking a +0.26% move from the previous day.
The Zacks Toys - Games - Hobbies industry benefits from robust demand for sports toys, fashion dolls and accessories, and STEM toys. Stocks like HAS and MAT are well-positioned at the moment.
In the latest trading session, Hasbro (HAS) closed at $59.79, marking a +0.83% move from the previous day.
The toy and game company wants teens and adults to buy more of its products to boost growth as tariffs loom large over the industry.
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 much to showcase here that we thought this is a game that would be wonderful not only for locals, but for tourists to take home a little bit of San Diego with them when they leave." Top Trumps USA wants to hear what San Diegans want to see on the board. The company is looking for suggestions for landmarks across San Diego County, from the iconic Hotel del Coronado to the world-famous San Diego Zoo. Top Trumps USA also wants to hear ideas that could only come from locals. When the company made a version for Richmond, Virginia, residents wanted to include a well-known stray cat, according to Tripsea. That cat was featured on a community chest card. "We love to hear from the local community, not only on what they want to see on the board, but we also want to see what they want on the community chest and chance cards," Tripsea said. Community members can share their suggestions through April 11 by emailing [email protected] or submitting the online form. Businesses and nonprofits interested in being featured can also email the company. The game is slated to be released in November and will be available online and in stores, including Amazon, Barnes & Noble and select local San Diego retailers.