Is Hasbro Losing Its Magic? This Analyst Double Downgrades Stock, Slashes Price Target
Hasbro, Inc. (NASDAQ: HAS) reported a sharp decline in its third-quarter earnings, mainly hit by tariffs on Chinese products and higher supply chain costs.
$1000 Invested In Hasbro 20 Years Ago Would Be Worth This Much Today
Hasbro (NASDAQ:HAS) has outperformed the market over the past 20 years by 2.33% on an annualized basis producing an average annual return of 9.8%. Currently, Hasbro has a market capitalization of $9.05 billion.
How Is The Market Feeling About Hasbro?
Hasbro's (NASDAQ:HAS) short percent of float has risen 13.19% since its last report. The company recently reported that it has 4.71 million shares sold short, which is 4.12% of all regular shares that are available for trading.
BMO Capital Maintains Market Perform on Hasbro, Lowers Price Target to $74
BMO Capital analyst Gerrick Johnson maintains Hasbro (NASDAQ:HAS) with a Market Perform and lowers the price target from $76 to $74.
DA Davidson Maintains Buy on Hasbro, Raises Price Target to $113
DA Davidson analyst Linda Bolton Weiser maintains Hasbro (NASDAQ:HAS) with a Buy and raises the price target from $112 to $113.
Hasbro Q3 EPS $1.42 Misses $1.65 Estimate, Sales $1.68B Miss $1.72B Estimate
Hasbro (NASDAQ:HAS) reported quarterly earnings of $1.42 per share which missed the analyst consensus estimate of $1.65 by 13.94 percent. This is a 27.55 percent decrease over earnings of $1.96 per share from the same
Earnings Scheduled For October 18, 2022
Companies Reporting Before The Bell
• Commerce Bancshares (NASDAQ:CBSH) is projected to report quarterly earnings at $1.03 per share on revenue of $383.31 million.
If You Invested $1000 In This Stock 20 Years Ago, You Would Have $6,500 Today
Hasbro (NASDAQ:HAS) has outperformed the market over the past 20 years by 2.41% on an annualized basis producing an average annual return of 9.78%. Currently, Hasbro has a market capitalization of $9.35 billion.