BofA Securities analyst Alexander Perry maintains $Hasbro (HAS.US)$ with a buy rating, and maintains the target price at $95.
According to TipRanks data, the analyst has a success rate of 37.8% and a total average return of -3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hasbro (HAS.US)$'s main analysts recently are as follows:
The company has adjusted its Consumer Products sales forecast downwards due to a reduction in closeout sales and impacts from Star Wars. Nonetheless, there remains a positive outlook for the toy industry, thanks to notably clean inventories, increased retailer involvement, and opportunities for self-improvement.
The recent decline in Hasbro's shares following earnings, which was seen as excessive, appears to leave the main pillars of the investment thesis firmly in place. The notable profitability improvement during the quarter serves to underscore the ongoing success of the company's transformation initiatives and bolsters 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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