|Bid||108.56 x 800|
|Ask||108.58 x 1300|
|Day's Range||107.31 - 109.55|
|52 Week Range||79.00 - 109.55|
|PE Ratio (TTM)||66.11|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||2.52 (2.39%)|
|1y Target Est||109.79|
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on September 13. Index (PMI) data, output in the Consumer Goods sector is rising.
Capital Research bought 2.1 million more shares of Hasbro between June 30 and Aug. 31, raising its stake to 12.7 million shares, a 10.0% stake in the maker of Nerf, My Little Pony, Play-Doh and Monopoly. It remains the second-largest Hasbro holder and is now just 100,000 shares short of the top holder, Vanguard Group, according to Morningstar.
Capital Research and Management, the investment advisor to the American Funds, the largest active stock-fund manager, recently raised its holdings in toy maker Hasbro and upscale home-furnishings retailer Wiliams-Sonoma. Capital Research bought 2.1 million more shares of (HAS) (HAS) between June 30 and Aug. 31, raising its stake to 12.7 million shares, a 10.0% stake in the maker of Nerf, My Little Pony, Play-Doh and Monopoly. It remains the second-largest Hasbro holder and is now just 100,000 shares short of the top holder, Vanguard Group, according to Morningstar.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 12. Index (PMI) data, output in the Consumer Goods sector is rising.
Adobe reported adjusted quarterly profit of $1.73 per share, beating estimates by 4 cents a share. The software maker's revenue topped forecasts, as well, however Adobe's revenue guidance was merely in line with analysts' estimates after topping expectations for nine straight quarters. Amazon.com AMZN – Amazon CEO Jeff Bezos said a decision on where the company will build a second headquarters will be made before the end of the year.
Hasbro (HAS) and other toy companies have been impacted by the liquidation of one of their biggest retail partners—Toys “R” Us. To compete for kids’ attention, Hasbro is focused on product innovation. In its second-quarter conference call on July 23, Hasbro CEO Brian Goldner stated that in the face of the Toys “R” Us liquidation, brand innovation would drive its long-term growth.
On August 15, MKM Partners increased the price target for HAS stock to $115.00 from $92.00. It also raised its rating to “buy” from “neutral.” Consumer Edge Research commenced coverage with an “overweight” rating and a price target of $115.00. The 12-month average target price for Hasbro is $109.79, which reflects an 8.1% upside to its price on September 11.
On September 11, Mattel (MAT) and Hasbro (HAS) reported stock price increases of 2.6% and 11.8%, respectively, on a YTD (year-to-date) basis. In comparison, the S&P 500 Index has risen 8.0% on a YTD basis. After the massive disruption caused by the dissolution of Toys “R” Us, toy manufacturers are reinvigorating their growth strategies to drive sales and profitability. Growing e-commerce retailers are contributing to the challenging environment for toy manufacturing companies. In this series, we’ll discuss the analysts’ ratings and top-line growth strategies for Mattel and Hasbro.
Funko (NASDAQ:FNKO) stock has been a very fun name to trade so far this year. Funko stock went public in November at $12 per share, but got off to a very rough start. In fact, FNKO shares lost about 50% of their value and didn’t recover back to the $12 mark until June of this year.
Blizzard made waves earlier this year when it announced Nerf guns were coming based on those found in its colorful hero shooter Overwatch, but that's not the only game getting licensed foam blasters.
"Fortnite" is the hottest name in online gaming. Now, IRL-toymaker Hasbro is betting it can convince gamers to put down their joysticks and play an old-school board game — the company is partnering with "Fortnite" publisher Epic Games on a version of "Monopoly" based on the massively popular multiplayer survival game. The "Fortnite" version of "Monopoly," an 83-year-old real estate board game, will be released October 1.
You can’t really blame Epic for captilizing on Fortnite’s massive and largely unexpected success. And really, you’ve got to strike while the iron’s still hot on this one. The gaming company announced a partnership with toy giant Hasbro this week that while give the world a Fortnite-branded Monopoly game and Nerf Blasters.
This deal will have Hasbro releasing several new products under the Fortnite brand. The first of these products will be a Fortnite version of the board game Monopoly. Following the release of the Fortnite Monopoly game, Hasbro will be releasing Nerf blasters based on weapons from the video game.
Global play and entertainment company Hasbro, Inc. (HAS) today announced a partnership with Epic Games to introduce a range of Fortnite™ inspired play experiences, including a line of officially licensed NERF Fortnite blasters, and a MONOPOLY: Fortnite Edition Game, in a deal brokered by IMG. The NERF Fortnite blasters will immerse fans into the player-versus-player action of the game, letting them play out the Battle Royale in real world settings with blasters and accessories that emulate the amazing onscreen battles Fortnite is known for, and MONOPOLY Fortnite will bring a battle building twist to the iconic Fast Dealing Property Trading game.
How do you get Fortnite-obsessed kids to play an old-school board game? Epic and Hasbro have revealed a Fortnite version of Monopoly that replaces the usual property trading with elements from the battle royale shooter. Island locations replace buildings (popular drop point Tilted Towers is the new Boardwalk), while health points replace money.
On Thursday, the El Segundo, Calif.-based maker of Hot Wheels toy cars and Barbie dolls announced that it hired Academy Award-nominated producer Robbie Brenner as executive producer to lead newly formed Mattel Films.
On September 6, toymaker Mattel (MAT) announced that it is creating a movie division, Mattel Films, to develop content based on its extensive intellectual property (or IP). Mattel is one of the leading names in the toy manufacturing space. Some of its iconic brands include Barbie, Hot Wheels, Thomas & Friends, and Fisher-Price.
Mattel Inc. has launched a film division headed by an Oscar-nominated producer, an attempt by its new chief executive works to transform the toymaker into a Hollywood force. Robbie Brenner, who’s been in the movie industry for two decades and produced 2013 Best Picture nominee “Dallas Buyers Club,” will run Mattel Films and report to CEO Ynon Kreiz, the company said.