Citi analyst James Hardiman maintains $Hasbro (HAS.US)$ with a hold rating, and maintains the target price at $67.
According to TipRanks data, the analyst has a success rate of 47.6% and a total average return of 8.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hasbro (HAS.US)$'s main analysts recently are as follows:
The firm revised its sales outlook for Consumer Products downward, owing to a reduction in closeout sales and the performance of Star Wars products. Nonetheless, there remains a positive outlook on the toy industry due to favorable factors such as well-managed inventories, increased retailer participation, and opportunities for self-improvement.
The approximate 6% decline in Hasbro's stock following the earnings report is seen as excessive, with the main pillars of the investment thesis remaining firmly in place. The notable profitability improvement during the quarter is indicative of ongoing progress in the company's transformation, bolstering confidence in its future earnings capabilities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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