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Hasbro CEO Defends Company After Post-Earnings Sell-Off
Wednesday, October 23, 2019 - 3:52pm | 435Hasbro, Inc. (NASDAQ: HAS) shares traded lower by more than 15% Tuesday in reaction to a concerning earnings report, but CEO Brian Goldner said the toymaker is in a position to grow in the fourth quarter and beyond. What Happened Hasbro's third quarter was negatively impacted by the U.S.-...
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Tariff War Zaps "Star Wars" Toymaker Hasbro
Wednesday, October 23, 2019 - 10:26am | 1031Toy manufacturer Hasbro, Inc. (NASDAQ: HAS) reported sharply lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs. "The threat and implementation of tariffs negatively impacted our quarterly results," said Brian Goldner, chairman and chief executive...
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Hasbro Shares Fall On Q3 Earnings, Sales Miss
Tuesday, October 22, 2019 - 8:16am | 263Hasbro, Inc. (NASDAQ: HAS) reported third-quarter earnings of $1.84 per share on Tuesday, missing the consensus estimate of $2.21 by 16.74%. The toymaker posted quarterly sales of $1.58 billion, missing the consensus estimate of $1.72 billion by 8.14%. During the third quarter, Hasbro...
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Hasbro's Q2 Report Leaves KeyBanc Bullish Ahead Of Holiday Shopping Season
Monday, July 29, 2019 - 10:48am | 429Although the second quarter is a seasonally insignificant one for Hasbro, Inc. (NASDAQ: HAS), the toymaker's solid performance has created strong momentum ahead of the holiday season, according to KeyBanc Capital Markets. The Analyst Brett Andress maintained an Overweight rating...
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Funko Shares Pop! As DA Davidson Starts Coverage With Buy
Friday, June 21, 2019 - 2:12pm | 506Shares of Funko Inc (NASDAQ: FNKO), the makers of the popular Pop! figures, were up on Friday after DA Davidson initiated coverage of the stock with a Buy rating. The Analyst DA Davidson’s Linda Bolton Weiser started coverage on the toy company with a Buy rating and a $29 price target. The...
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DA Davidson Cuts JAKKS Pacific Price Target After Disappointing Q1 EBITDA, Gross Margin Decline
Tuesday, May 14, 2019 - 1:19pm | 313JAKKS Pacific, Inc. (NASDAQ: JAKK) missed first-quarter EBITDA expectations last week — mainly due to a sharp decline in gross margins — and reduced its full-year EBITDA guidance, according to D.A. Davidson. The Analyst Linda Bolton Weiser maintained a Neutral rating on JAKKS...
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This Analyst Liked Funko's Q1 But Awaits A Diversification Pop
Wednesday, May 8, 2019 - 3:27pm | 362Funko Inc (NASDAQ: FNKO) surged more than 6 percent in the week after reporting a first-quarter beat. Its 16-cent bottom-line far surpassed an 8-cent consensus forecast. The hype didn’t seize all investors, though, as one analyst still remains on the sidelines. The Rating BMO Capital Markets...
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BMO Upgrades Hasbro, Eyeing Strong Box Office Tie-Ins
Monday, March 4, 2019 - 11:27am | 365Hasbro, Inc. (NASDAQ: HAS) shares were moving higher Monday after BMO Capital Markets upgraded the toymaker. The Analyst BMO’s Gerrick Johnson upgraded Hasbro from Underperform to Market Perform with a target price lifted from $75 to $88. The Thesis While there’s no change in the...
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Life After Toys R Us: KeyBanc Bullish On Hasbro, 'Warming Up' To Mattel Turnaround
Wednesday, February 20, 2019 - 1:24pm | 556Expect normal growth to return to the global toy industry later this year, KeyBanc Capital Markets said following check-ins with the industry’s two biggest players, both of which are still dealing with fallout from last year's Toys R Us collapse. The outlook is more...
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Today's Pickup: Toys R Us Shutdown Marks The Beginning Of The End Of Traditional Retail
Thursday, February 14, 2019 - 1:47pm | 830Good day, In retrospect, Toys R Us filing for bankruptcy early last year signaled the beginning of the end of traditional brick-and-mortar storefronts that we know of. Ecommerce has truly taken the U.S. market by storm, consistently showing 20% annual growth over this decade, and consequently...
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Hasbro CEO Tells Cramer Toys R Us 'Disruption' Is Over
Tuesday, February 12, 2019 - 5:40pm | 417Toymaker Hasbro, Inc. (NASDAQ: HAS) reported Friday with fourth-quarter results that were negatively impacted by the Toys R Us liquidation. During the quarter, net revenue fell 13 percent from last year to $1.39 billion, while full-year revenue fell 12 percent from $4.58 billion. What...
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Funko CEO Discusses 'Fortnite' Toys With Cramer
Monday, November 12, 2018 - 5:37pm | 373Toymaker Funko Inc (NASDAQ: FNKO), best known for making vinyl figurines and bobbleheads, has a competitive advantage over its peers with its direct exposure to the popular online game "Fortnite," according to company CEO Brian Mariotti. What Happened Funko's partnership to make toys...
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Toys 'R' Us Closures Hurt Hasbro's Q3 Earnings
Monday, October 22, 2018 - 8:20am | 375Toy maker Hasbro, Inc. (NASDAQ: HAS) reported Monday its third-quarter results, highlighted by a top-and-bottom-line miss. What Happened Hasbro said it earned $1.93 per share in the third quarter on revenue of $1.57 billion. The Street was modeling the company to earn $2.25 per share on revenue of...
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MKM Partners: After Toys 'R' Us Struggles, Hasbro Poised For Strong 2019
Wednesday, August 15, 2018 - 10:31am | 444While 2018 has proven a difficult year for the toy industry, Hasbro, Inc. (NASDAQ: HAS) is well-positioned for a material fundamental recovery over the coming years, according to MKM Partners. The Analyst MKM analyst Eric Handler upgraded Hasbro from Neutral to Buy with a price...
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4 Reasons Why Hasbro Was Downgraded By BMO
Monday, July 16, 2018 - 12:19pm | 425Hasbro, Inc. (NASDAQ: HAS) shares are overvalued trading at an 18.1-19.3 multiple on 2019 estimated earnings, and a more appropriate valuation is 15 times next year's earnings, according to BMO Capital Markets. The Analyst Analyst Gerrick Johnson downgraded Hasbro from Market Perform...