107.88 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||104.18 x 800|
|Ask||107.87 x 800|
|Day's Range||106.55 - 108.57|
|52 Week Range||76.84 - 109.60|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||38.16|
|Forward Dividend & Yield||2.72 (2.86%)|
|1y Target Est||N/A|
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
Today we are going to look at Hasbro, Inc. (NASDAQ:HAS) to see whether it might be an attractive investment prospect...
Mattel (NYSE:MAT) has turned down another takeover bid from MGA Entertainment. Mattel stock surged higher on the news. MGA, who owns brands such as Bratz fashion dolls, Num Noms, and Little Tikes, has now failed twice to take over Mattel.Source: Shutterstock While this rejection of MGA has offered relief to MAT stock in the short term, turning down the deal leaves Mattel in the same beleaguered state it's been struggling in for decades.Mattel owns some of the most venerable brands in the toy business. This includes American Girl, Barbie, Fisher-Price, and Hot Wheels. Recently, it had also signed a licensing agreement with Sanrio (OTCMKTS:SNROF) to create toys, dolls, games, and other items based on the Hello Kitty brand. The toymaker has also renewed a separate licensing agreement with Warner Bros. to produce similar items for DC.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Conflicting "Best Interests"MGA CEO Isaac Larian made an overture to Mattel's CEO Ynon Kreiz in a letter dated May 21st. Mattel's chief legal officer, Bob Normile responded on June 7th, saying Mattel's board decided that the proposal was "not in the best interests of Mattel and its shareholders." * 5 Tech Stocks That Are Far Too Risky Right Now The deal would have forced out Mattel's entire board, possibly indicating the "best interests" the company protected. However, since MGA is a private company, analysts have only so much ability to evaluate the merits of the deal.However, we do know that Mattel stock has struggled over the past few decades. At its current price, it trades at levels it first saw in 1992! The rise of electronic games has reduced the demand for the physical toys and the board games that drove its business for decades. Its most direct peer, Hasbro (NYSE:HAS), has faced similar struggles. Competition Continues to IncreaseMoreover, the emergence of e-commerce giants such as Amazon (NASDAQ:AMZN) has devalued the advantage in shelf space these companies once held. This problem became worse with the closure of Toys "R" Us last year.I do not think the demand for physical toys will go away. Also, a backlash against electronic everything could even spark a revival in physical toys. However, individual creators could utilize a site such as Etsy (NASDAQ:ETSY) to compete against corporate toymakers. So it is not clear that such an occurrence would help Mattel stock. Financials for Mattel Stock Remain PoorMAT's financials continue to reflect this struggle. In its most recent earnings report, the company beat estimates but still lost 44 cents per share in the prior quarter. It also exceeded forecasts on revenue. Still, the $689.2 million in brought in during the quarter was a 2.9% reduction year-over-year. Thanks to cost-cutting, analysts forecast a profit next year. However, that will leave its forward P/E ratio at over 130. Moreover, costs can only fall so much, so staying consistently profitable could prove difficult.For now, Mattel's board rebuffs the takeover attempt, and Mattel stock benefits from a relief rally. But investors need to ask what kind of future the company has in the current business environment? With falling demand and increasing sources of competition, this company will do well just to keep itself in business. Such conditions do not leave much of a path forward for holders of MAT stock. Final Thoughts on Mattel StockTurning down the merger means Mattel will continue to face more competition amid falling revenues. In fairness, this reflects more on the state of the industry than on Mattel itself. Moreover, with MGA's financials not publicly available, assessing whether the merger would have profited holders of Mattel stock remains difficult. * 7 Stocks to Buy for the Coming Recession However, we know that Mattel stock faces an uncertain path forward. Having struggled for more than a quarter century, management offering more of the same leaves investors with no reason to buy MAT. Until this industry consolidates or produces the toys and games today's children want, investors should play in a different sandbox.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post MAT's Rejection of Merger Offer Not a Reason to Toy With Mattel Stock appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: American International, Arconic, Hasbro, Illumina and Jefferies
Hasbro Inc NASDAQ/NGS:HASView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for HAS with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 16. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold HAS had net inflows of $1.94 billion over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. HAS credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hasbro, Inc. New York, June 10, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hasbro, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Hasbro, Inc. (HAS) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
"We each stand on the shoulders of so many who came before us, who fought to overcome barriers and open doors." Get to know the 13 Outstanding Voices the Puget Sound Business Journal will honor this evening at the annual Business of Pride event.
"I think we have to stand up to it and say, 'We’re not going to push LGBTQ people into the shadows. We’re going to portray characters of all types to make players of all types feel welcome,'" Crawford said.
For toymakers Hasbro, Inc. (NASDAQ: HAS) and Mattel Inc., (NASDAQ: MAT), American saber-rattling on trade is no child’s play. For Mattel, two out of its 13 owned manufacturing plants are in Mexico, and about half of the company’s toys are made in owned manufacturing plants, the analyst said.
The agreement with Sanrio will allow Mattel to produce Hello Kitty toys, dolls, playsets, games, puzzles, baby gear, plush, vehicles and other products.
Robust booking trend, strategic initiatives and launch of ships bode well for Carnival (CCL). However, drab guidance for second-quarter and fiscal 2019, and higher costs are major concerns.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
Learn about six of the most famous failures in the video game industry. The video game industry pulls in $100 billion in revenue annually. Failed companies offer a cautionary tale.
Hasbro (HAS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world's largest retailer aims to rev up its website and stores as a platform for other companies to reach customers. The event marks Walmart's first effort to grow its nascent advertising business and heralds the retailer's rising challenge to online ad leaders Alphabet Inc's Google, Facebook Inc and Amazon.com Inc. The event, called "5260," is named after a Walmart store near the retailer's hometown of Bentonville, Arkansas, which is known for being a test lab for retail innovation, Walmart told Reuters.