Hasbro Set For Stellar Performance With New Strategies, Cost Savings: JPMorgan
Hasbro Set For Stellar Performance With New Strategies, Cost Savings: JPMorgan
Hasbro Inc (NASDAQ:HAS), the iconic toy and game company, got an upgrade from JPMorgan on Thursday.
標誌性的玩具和遊戲公司孩之寶公司（納斯達克股票代碼：HAS）週四獲得了摩根大通的升級。
Following insightful meetings with Hasbro's CEO Chris Cox and CFO Gina Goetter at JPM's 52nd Annual TMC Conference, analyst Christopher Horvers, CFA has upgraded Hasbro from Neutral to Overweight. He also raised the price target from $61 to $74, that's over 20% upside from current price levels.
在摩根大通第52屆年度TMC會議上與孩之寶首席執行官克里斯·考克斯和首席財務官吉娜·戈特分析師克里斯托弗·霍弗斯進行了富有洞察力的會晤後，CFA已將孩之寶從中性上調爲增持。他還將目標股價從61美元上調至74美元，比目前的價格水平上漲了20％以上。
Here's why he says Hasbro will achieve stellar performance in the coming months.
這就是他說孩之寶將在未來幾個月內取得出色表現的原因。
Superior Cost Efficiency, Capitalizing On Industry Trends
卓越的成本效率，利用行業趨勢
Horvers believes that the consensus forecasts for Hasbro's cost efficiency and digital gaming revenue are too conservative. He expects these areas to ramp up significantly in the second half of 2024 and into 2025.
霍弗斯認爲，對孩之寶成本效率和數字遊戲收入的共識預測過於保守。他預計，這些領域將在2024年下半年和2025年大幅增加。
This confidence is based on his assessments and discussions at the conference, suggesting that Hasbro's strategic moves in cost management and digital gaming will outperform market expectations.
這種信心基於他在會議上的評估和討論，這表明孩之寶在成本管理和數字遊戲方面的戰略舉措將超過市場預期。
Hasbro expects its $750 million cost-saving program to fully materialize by the end of 2025, boosting profitability.
孩之寶預計，到2025年底，其7.5億美元的成本節約計劃將全面實現，從而提高盈利能力。
Moreover, despite some moderation in point-of-sale trends, JPMorgan sees the toy industry growing this year.Retail giants like Walmart Inc (NYSE:WMT) and Target Corp (NYSE:TGT) are pivoting towards event-driven traffic, with toys being a key attraction. Hasbro can capitalize on this shift, especially with cleaner industry inventories and strong product placements, the analyst says..
此外，儘管銷售點趨勢有所放緩，但摩根大通認爲今年玩具行業將增長。沃爾瑪公司（紐約證券交易所代碼：WMT）和塔吉特公司（紐約證券交易所代碼：TGT）等零售巨頭正在轉向活動驅動的流量，其中玩具是主要吸引力。分析師表示，孩之寶可以利用這種轉變，尤其是在清潔行業庫存和強勁的產品投放的情況下。
Also Read: Is Hasbro Outperforming Other Consumer Discretionary Stocks This Year?
另請閱讀：孩之寶今年的表現是否優於其他非必需消費品股？
Strategic Product Shifts and Innovations
戰略產品轉變和創新
Hasbro will benefit from shifting its Transformers franchise to the third quarter and early wins from enhanced merchandising under new management. This strategic timing, combined with innovations across various toy lines, will drive strong performance in the latter half of 2024, according to Horvers.
孩之寶將受益於將其變形金剛系列轉移到第三季度，以及在新管理層領導下加強銷售所帶來的早期勝利。霍弗斯表示，這一戰略時機，加上各種玩具系列的創新，將推動2024年下半年的強勁表現。
Additionally, Hasbro anticipates its innovative products, including those from the "Magic: The Gathering" universe and new digital gaming initiatives, to contribute significantly to the top line.
此外，孩之寶預計，其創新產品，包括來自 “萬智牌：The Gathering” 領域的產品和新的數字遊戲計劃，將爲收入做出重大貢獻。
Horvers' upgraded price target reflects his bullish outlook, based on a 12x EV/EBITDA multiple, which aligns with Hasbro's historical averages.
霍弗斯上調的目標股價反映了他的看漲前景，其基礎是12倍的EV/EBITDA倍數，與孩之寶的歷史平均水平一致。
With Hasbro's strategic initiatives and industry positioning, there's potential for the stock to exceed this target, making it an exciting play for investors.
憑藉孩之寶的戰略舉措和行業定位，該股有可能超過這一目標，這對投資者來說是一場激動人心的交易。
HAS Price Action: On Wednesday, Hasbro stock closed at $60.33, down 3.44%. However, it was up 3.6% premarket at the time of publication Thursday.
HAS價格走勢：週三，孩之寶股價收於60.33美元，下跌3.44％。但是，在週四發佈時，它在盤前上漲了3.6％。
Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。