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Hasbro


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Hasbro up after BofA raises price objective ahead of Q3 results

BUZZ-Hasbro up after BofA raises price objective ahead of Q3 results ** Shares of toymaker Hasbro HAS.O rise as much as 2% to $73.05 ** Brokerage BofA raises HAS's price objective to $95 from $90 ahead of Q3 earnings on Oct. 24 ** Sees better-than-expected contribution of "Magic: The Gathering" segment, owing to strength of recent Bloomburrow and D
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UBS raises PT on Hasbro as co on path to achieve long-term margin target

BUZZ-UBS raises PT on Hasbro as co on path to achieve long-term margin target ** Brokerage UBS raises PT of toymaker Hasbro Inc HAS.O to $82 from $69 ahead of Q3 results on Oct 24 ** Says co could beat the 20% operating margin target it set in for FY 2026 by 2024 or 2025 on gains from its gaming segment, which includes popular brands like Magic: Th
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Toymaker Hasbro up after Stifel raises PT on steady demand

BUZZ-Toymaker Hasbro up after Stifel raises PT on steady demand ** Shares of toymaker Hasbro HAS.O up ~1% at $73.52 premarket ** Brokerage Stifel raises PT to $82 from $78 citing benefits from stable demand for mobile and video games like "Monopoly Go!" ** See positive underlying trends including moderating declines in consumer products - major revenue-generating business, and healthy inventory position ahead of seasonally important Q3 - brokerage ** Adds, cost savings initiatives through operat
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US retailers scramble ahead of holidays amid port strike

UPDATE 3-US retailers scramble ahead of holidays amid port strike Retailers like Levi and Costco plan to shift routes, use air freight to avoid delays Newell Brands offers to boost production to mitigate supply chain disruptions Toy companies rely more on West Coast ports Consumers engage in panic buying, fearing shortages and price hikes Adds comments from Gristedes in paragraph 19, 27 and Stew Leonard's in paragraph 20 By Savyata Mishra and Jessica DiNapoli Oct 3 (Reuters) - Major U.S.
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US retailers look to back-up shipping plans to prep for holidays as strike continues

US retailers look to back-up shipping plans to prep for holidays as strike continues Retailers like Levi and Costco plan to shift routes, use air freight to avoid delays Newell Brands offers to boost production to mitigate supply chain disruptions Toy companies rely more on West Coast ports By Savyata Mishra, Jessica DiNapoli Oct 3 (Reuters) - Major retailers from Levi Strauss LEVI.N to Costco COST.O are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday sea
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Looming port strikes to have limited impact on toy makers owing to early shipments, UBS says

BUZZ-Looming port strikes to have limited impact on toy makers owing to early shipments, UBS says ** Brokerage UBS believes both retailers and toy suppliers have been pulling products into U.S. earlier this year ** Says toy makers and retailers have shifted to West Coast ports from East Coast in the wake of potential port strikes since spring this year ** U.S.
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BofA hikes PT on Hasbro on strong demand for new releases

BUZZ-BofA hikes PT on Hasbro on strong demand for new releases ** Brokerage BofA raises PT on toymaker Hasbro HAS.O to $90 from $85 ** HAS shares rise as much as 3.8% to $71.33, hitting their highest since Sept. 5, 2023 ** BofA notes strong momentum in the latest "Magic: The Gathering" set release and green shoots in its toy business ** We believe
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Lego to replace oil in its bricks with pricier renewable plastic

Lego to replace oil in its bricks with pricier renewable plastic By Jacob Gronholt-Pedersen COPENHAGEN, August 28 (Reuters) - Toymaker Lego said on Wednesday it was on track to replace the fossil fuels used in making its signature bricks with more expensive renewable and recycled plastic by 2032 after signing deals with producers to secure long-term supply.
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Lego outperforms toy market with robust sales in Europe and North America

Lego outperforms toy market with robust sales in Europe and North America Lego sales rose 13% in first half of 2024 The company grabbed market share in a flat toy market CEO expects double-digit full-year sales growth Lego holds back on store openings in China By Jacob Gronholt-Pedersen COPENHAGEN, Aug 28 (Reuters) - Lego's sales of its colorful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, the Denmark-based toy
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U.S. Alexander & Baldwin, Instructure Holdings, RPM International

U.S. RESEARCH ROUNDUP-Alexander & Baldwin, Instructure Holdings, RPM International July 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Alexander & Baldwin, Instructure Holdings and RPM International, on Friday. HIGHLIGHTS * Alexander & Baldwin Inc (Hawaii) ALEX.N : Piper Sandler raises to overweight from neutral * First Financial Northwest Inc FFNW.O : Piper Sandler cuts to neutral from overweight * Instructure H
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U.S. STOCKS AbbVie, NYCB, Warner Bros Discovery

BUZZ-U.S. STOCKS ON THE MOVE-AbbVie, NYCB, Warner Bros Discovery Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose on Thursday, with the Nasdaq and the S&P reversing early losses while the Dow and small-cap stocks outperformed, as stronger-than-expected GDP data provided some relief after the previous session's tech mauling.
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U.S. STOCKS Universal Health Services, Robert Half, Lazard

BUZZ-U.S. STOCKS ON THE MOVE-Universal Health Services, Robert Half, Lazard Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Thursday as investors assessed stronger-than-expected GDP data and remained cautious after suffering a tech mauling in the previous session.
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Hasbro Inc reports results for the quarter ended in June - Earnings Summary

Hasbro Inc reports results for the quarter ended in June - Earnings Summary Hasbro Inc HAS.OQ reported quarterly adjusted earnings of $1.22​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 78 cents per share.
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U.S. STOCKS RTX, Molina

REFILE-BUZZ-U.S. STOCKS ON THE MOVE-RTX, Molina Removes Abbvie in the headline Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures pared losses on Thursday after weaker-than-expected durable goods data lifted hopes for earlier interest rate cuts from the Federal Reserve.
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U.S. STOCKS KLA Corp, IMB, ServiceNow

BUZZ-U.S. STOCKS ON THE MOVE-KLA Corp, IMB, ServiceNow Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Nasdaq and S&P 500 futures slipped on Thursday, a day after a crushing selloff in megacap tech stocks steered the indexes to their biggest drop since 2022, with investors looking out for a burst of earnings releases and key economic data.
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Toymaker Hasbro jumps after smaller-than-expected drop in Q2 sales

BUZZ-Toymaker Hasbro jumps after smaller-than-expected drop in Q2 sales ** Toymaker Hasbro's HAS.O shares up ~9% at $65 premarket ** Company posts smaller-than-expected drop in Q2 sales on steady digital gaming demand ** Company's quarterly revenue drops 18% to $995.3 mln vs LSEG est of 22.02% drop ** Posts quarterly profit of $1.22/shr vs est 78 c
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Toymaker Hasbro's turnaround efforts buoy quarterly results, shares rise

CORRECTED-UPDATE 4-Toymaker Hasbro's turnaround efforts buoy quarterly results, shares rise Corrects James Zahn's designation in paragraph 3 to editor in chief at The Toy Book, not senior editor Posts smaller-than-expected drop in Q2 sales, beats profit view Shares jump 7% in early trade Q2 margins grow, helped by business recovery efforts Lifts FY24 core profit forecast driven by strong digital gaming By Savyata Mishra July 25 (Reuters) - Hasbro HAS.O posted a smaller-than-expected drop in seco
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Hasbro Q2 Revenue USD 995.3 Million Vs. IBES Estimate USD 943.6 Million

BRIEF-Hasbro Q2 Revenue USD 995.3 Million Vs. IBES Estimate USD 943.6 Million Jul 25 (Reuters) - Hasbro Q2 operating profit USD 212.1 million. Q2 adjusted operating profit USD 249 million vs. IBES estimate USD 174.9 million
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Toymaker Hasbro's turnaround efforts help quarterly sales

Toymaker Hasbro's turnaround efforts help quarterly sales July 25 (Reuters) - Hasbro HAS.O posted a smaller-than-expected drop in second-quarter sales on Thursday as steady digital gaming demand offset a slump in core toy sales, while cost-control strategies helped the toymaker beat profit expectations. The Nerf toy gun maker's turnaround strategy to limit expenses and maintain a tight inventory amid an industrywide slowdown in toy demand has helped buoy its performance.
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Growth angst or air pocket? Stocks nurse losses

MORNING BID AMERICAS-Growth angst or air pocket? Stocks nurse losses A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 .SPX since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is being questioned as China growth worries and U.S. election risks mount. Even though a withering swoon in megacap tech stocks this week comes in the thick of the corporate earnings season, the incoming aggregate profit growth pictu
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