87.20 +1.08 (1.25%)
After hours: 7:55PM EDT
|Bid||86.60 x 1200|
|Ask||87.99 x 200|
|Day's Range||79.00 - 86.88|
|52 Week Range||79.00 - 116.20|
|PE Ratio (TTM)||27.60|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||2.52 (2.86%)|
|1y Target Est||102.71|
Keith Bliss of Cuttone and Company joins Yahoo Finance editor-in-chief, Andy Serwer, Seana Smith and Julia LaRoche to discuss the latest market moves.
Hasbro Inc. on Monday blamed a 16% decline in first-quarter sales on the liquidation of Toys “R” Us Inc. and said it has sped up an overhaul of its sales organization for a world where more toys are sold online. Toys “R” Us is closing stores in the U.S. and other markets, causing big drops in sales for Hasbro toys like Transformer action figures and My Little Pony dolls. The retailer, which filed for bankruptcy in September, was done in by a lofty debt load and difficulty competing amid the rise of Amazon.com Inc. and online shopping.
NEW YORK (AP) — U.S. stocks couldn't hang on to an early gain and finished mostly lower Monday as technology companies slipped. Bond prices continue to fall and the yield on the 10-year Treasury note drew closer to 3 percent, a milestone it hasn't reached since January 2014.
Hasbro is the toymaker most likely to survive post-Toys R Us era, says Susan Anderson, analyst at B. Riley FBR.
U.S. stocks end the session little changed on Monday as investors grappled with rising bond yields and a mixed bag of earnings reports.
Despite a poor quarterly result from competitor Hasbro, shares of Mattel are moving higher after management believes the worst will be over during the first half of 2018.
The Dow Jones Industrial Average has traded lower for four straight sessions. The Dow remains more than 2,100 points below its all-time high of 26,616 set on Jan. 26. The Nasdaq finished lower Monday after having declined for two straight sessions.
In addition to anticipated problems stemming from the Toys ‘R’ Us liquidation, Hasbro Inc. said “inventory overhang” in Europe drove down revenue in the company’s first-quarter results. Hasbro (HAS) reported revenue of $716.3 million, down from $849.7 million last year and below the $816.0 million FactSet consensus. The company was prepared for a hit from Toys ‘R’ Us, and other issues piled on, contributing to the decline.
The demise of Toys "R" Us took a toll on Hasbro's earnings last quarter, but the toy company says the worst is in the past https://bloom.bg/2Hn708E #tictocnews (Source: Bloomberg)
Jim Cramer hears from Hasbro Chairman and CEO Brian Goldner, who addresses the Toys R Us fallout and explains how it's affecting business.