D.A. Davidson Cautions Investors on Hasbro’s 2024 Setup, Stock Prices Drop
January 3, 2024
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D.A. Davidson recently issued a stark warning to investors regarding Hasbro ($NASDAQ:HAS)’s 2024 setup, causing the company’s stock prices to drop. Hasbro has long been a beloved symbol of youthful play and entertainment, providing a variety of toys, games, and movies for children and adults alike.
However, D.A. Davidson has recently cautioned investors about the company’s prospects over the next few years. Their analysis suggests that the current setup at Hasbro is not likely to generate the same returns in 2024 as it has in recent years. With this in mind, their warning has caused the stock to dip significantly, leading to an overall decrease in investor confidence. It remains to be seen how Hasbro will fare over the next few years, but investors should certainly heed D.A. Davidson’s warning and be cautious when considering investing in Hasbro in the near future. While the company is still a strong brand in the toy industry, its 2024 setup may prove to be a major challenge if it is unable to turn around its current trajectory.
Market Price
Hasbro‘s stock opened at $50.3 and closed at $49.9, down by 2.3% from its last closing price of 51.1. This drop in stock prices has largely been attributed to D.A. Davidson’s warning of potential difficulties Hasbro may face in the upcoming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hasbro. More…
| Total Revenues | Net Income | Net Margin |
| 5.39k | -557.1 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hasbro. More…
| Operations | Investing | Financing |
| 445.6 | -209.8 | -528.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hasbro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.34k | 6.12k | 15.84 |
Key Ratios Snapshot
Some of the financial key ratios for Hasbro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.4% | -29.3% | -8.2% |
| FCF Margin | ROE | ROA |
| 4.5% | -11.9% | -3.3% |
Analysis
At GoodWhale, we recently conducted a thorough analysis of HASBRO’s fundamentals. Our Star Chart gave HASBRO a high health score of 7/10, indicating that they are capable of sustaining their operations even in times of economic crisis. We have classified HASBRO as a ‘cow’, meaning that they have the track record of paying out consistent and sustainable dividends. This type of company is likely to be attractive to investors interested in steady dividend payments. Furthermore, our analysis found that HASBRO is strong in terms of profitability and dividend payouts, while showing some weaknesses in asset growth. As such, investors looking for stability and consistent dividend payments are likely to find HASBRO attractive. Hasbros_2024_Setup_Stock_Prices_Drop”>More…
Peers
Hasbro Inc is a publicly traded company that designs, manufactures, and markets games and toys. The company operates in three segments: US and Canada, International, and Entertainment and Licensing. Hasbro has a portfolio of brands that includes NERF, MONOPOLY, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, and SESAME STREET. The company’s competitors include Spin Master Corp, Huayi Tencent Entertainment Co Ltd, and BANDAI NAMCO Holdings Inc.
– Spin Master Corp ($TSX:TOY)
Spin Master Corp is a global leader in children’s toys, entertainment and lifestyle products. The company has a market cap of 4.57B as of 2022 and a Return on Equity of 21.64%. Spin Master Corp’s products include some of the world’s most popular toy brands, such as Paw Patrol, Hatchimals and Zoomer. The company’s products are available in over 100 countries and its mission is to inspire the next generation of play.
– Huayi Tencent Entertainment Co Ltd ($SEHK:00419)
Huayi Tencent Entertainment Co Ltd is a Chinese entertainment company with a market cap of 2.05 billion as of 2022. The company has a return on equity of -28.77%. The company is involved in the production, distribution, and exhibition of films and television programs in China. The company also operates an online game platform and a social networking website.
– BANDAI NAMCO Holdings Inc ($TSE:7832)
BANDAI NAMCO Holdings Inc is a Japanese holding company that operates in the entertainment industry. It has a market cap of 2.16T as of 2022 and a return on equity of 16.4%. The company was founded in 1955 and is headquartered in Tokyo, Japan. BANDAI NAMCO Holdings is engaged in the development, production, and marketing of toys, games, and other entertainment products. The company’s products are sold in over 40 countries worldwide.
Summary
HASBRO, an American multinational toy and board game company, recently saw its stock swing lower after an investing analysis from D.A. Davidson. The analysis warned of a potential setup in 2024, citing global trade forces, currency fluctuations, and increased competition from other toy makers. Investors are advised to keep a close watch on HASBRO’s performance in the near future.
Analysts recommend that investors stay aware of macroeconomic trends, such as changes in the consumer market and economic events that could influence HASBRO’s business strategy. They suggest monitoring the company’s announcements and financial reports for any signs of a shift in the toy market that could impact HASBRO’s stock.
