Hasbro Discussing Potential Submission Of Offer For Mattel
- Reuters
- Reuters
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/16/2024 | $85.00 → $90.00 | Buy | BofA Securities | |
6/14/2024 | $70.00 → $80.00 | Neutral → Buy | BofA Securities | |
5/23/2024 | $61.00 → $74.00 | Neutral → Overweight | JP Morgan | |
4/25/2024 | $60.00 → $75.00 | Buy | Monness Crespi & Hardt | |
2/5/2024 | $24.00 → $19.00 | Overweight → Neutral | JP Morgan | |
1/17/2024 | $25.00 → $19.00 | Overweight → Equal-Weight | Morgan Stanley | |
1/4/2024 | $24.00 → $20.00 | Buy → Neutral | ROTH MKM | |
1/2/2024 | $60.00 → $53.00 | Buy → Neutral | DA Davidson |
Company Reports Growth in Profit and EPS in the Quarter and Raises Full Year Guidance Declares Quarterly Dividend Hasbro, Inc. (NASDAQ:HAS), a leading toy and game company, today reported financial results for the second quarter 2024. "We delivered a solid performance in games and digital licensing and substantial margin improvement this quarter," said Chris Cocks, Hasbro Chief Executive Officer. "Hasbro is emerging as a more profitable, agile, and operationally excellent company delighting fans of all ages through the magic of play." "We continued to make meaningful progress in our turnaround for Consumer Products in the second quarter," said Gina Goetter, Hasbro Chief Financial Offi
Second Quarter 2024 Highlights Versus Prior Year Net Sales of $1,080 million, down 1% as reported, and comparable in constant currency Gross Margin of 49.2%, an increase of 410 basis points; Adjusted Gross Margin of 49.2%, an increase of 430 basis points Operating Income of $83 million, an improvement of $20 million; Adjusted Operating Income of $96 million, an improvement of $21 million Net Income of $57 million, an improvement of $30 million Earnings per Share of $0.17 compared to $0.08 per share; Adjusted Earnings per Share of $0.19 compared to $0.10 per share Adjusted EBITDA of $171 million, an improvement of $23 million Repurchased $100 million of shares, bringing
Hasbro, Inc. (NASDAQ:HAS) announced today that the company's second quarter financial results will be released before the market open on Thursday, July 25, 2024. Hasbro will webcast its second quarter 2024 earnings conference call at 8:30 a.m. Eastern Time. Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast on Hasbro's Investor Relations website at https://investor.hasbro.com. The webcast and the accompanying presentation slides will be available to investors and the media on Hasbro's Investor Relations home page at https://investor.hasbro.com. A replay of the call will be host
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BofA Securities reiterated coverage of Hasbro with a rating of Buy and set a new price target of $90.00 from $85.00 previously
BofA Securities upgraded Hasbro from Neutral to Buy and set a new price target of $80.00 from $70.00 previously
JP Morgan upgraded Hasbro from Neutral to Overweight and set a new price target of $74.00 from $61.00 previously
From Mattel Television Studios and WildBrain, the 66-Minute Special Debuts Amidst Polly Pocket's 35th Anniversary Year WATCH TRAILER HERE DOWNLOAD KEY ART HERE Mattel, Inc. (NASDAQ:MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, and WildBrain, a global leader in kids' and family entertainment, today announced the new animated special Polly Pocket: Adventures in Rio from Mattel Television Studios and WildBrain. The brand-new 66-minute special features an original song and debuts Monday, September 16 on Prime Video in the U.S. and U.K. This press release features multimedia. View the full release here: https://w
The loveable purple dinosaur returns for super-dee-duper adventures October 14 on Max; first episode debuts early on Barney's YouTube channel October 11 Content will also broadcast on Cartoon Network in the US, Cartoonito in EMEA and APAC, Discovery Kids in LATAM, and Treehouse in Canada Watch the animated music video HERE Download stills HERE Mattel, Inc. (NASDAQ:MAT) today debuted a new animated video and re-imagined lyrics for Barney's classic "I Love You" song alongside new images from the upcoming series, Barney's World. Consisting of 52 11-minute episodes, Barney's World will begin streaming on Max October 14, followed by a linear premiere on Cartoon Network starting Friday, Octob
Putting Imagination Insights into Action, the PLAY-DOH Brand is Rolling Out an Imagination Curriculum Through In-Person School Programs and Digital Content for Audiences in the United States and Canada Download Assets HERE In celebration of World PLAY-DOH Day, Hasbro Inc., a leading toy and game company, today announces PLAY-DOH Kids Can, an all-new campaign that empowers kids to harness their imagination as a superpower. With the mission of providing limitless resources to make imagination accessible and fun for all, the PLAY-DOH brand encourages boundless, open-ended play to equip kids with the imaginative power to turn dreams into reality and mistakes into possibilities. This press rel
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Mattel, Inc. (NASDAQ:MAT) today announced that Jennifer Kettnich has joined the company as Vice President, Investor Relations. Kettnich reports to Mattel Chief Financial Officer Anthony DiSilvestro. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912401039/en/Jennifer Kettnich (Photo: Business Wire) Kettnich is responsible for leading Mattel's Investor Relations function, engaging with investors and analysts and communicating the company's value proposition, investment thesis, financial performance, and long-term strategy. DiSilvestro said: "Mattel welcomes Jenn as our new head of Investor Relations to further our engagement w
Mattel, Inc. (NASDAQ:MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, announced today that Ken Wee has joined the Company as Executive Vice President and Chief Strategy Officer. Wee reports to Ynon Kreiz, Chairman and CEO of Mattel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910784205/en/Ken Wee (Photo: Business Wire) Kreiz said: "We welcome Ken to our leadership team at an exciting point in the execution of our strategy to grow Mattel's IP-driven toy business and expand our entertainment offering. Ken brings extensive experience in strategic pla
Barbie and WNBA legend Sue Bird unveiled the new Barbie brand campaign and slogan "Give Limitless Possibilities" at Fever x Sky WNBA game on Friday, 8/30 Mattel Inc.'s (NASDAQ:MAT) Barbie® unveiled the latest Barbie brand campaign titled "Give Limitless Possibilities™" today, alongside 2024 Barbie Role Model and WNBA legend Sue Bird. The brand joined the WNBA's Barbie-themed game between the Indiana Fever and Chicago Sky at Wintrust Arena, recognizing the powerful role that play has in giving limitless possibilities to young girls in continued celebration of the brand's 65th anniversary. This press release features multimedia. View the full release here: https://www.businesswire.com/news
Hasbro Inc. (NASDAQ:HAS) shares are surging after the toy maker reported better-than-expected second-quarter FY24 earnings and revised the outlook. The company reported a second-quarter FY24 sales decline of 18% year-on-year to $995.30 million, beating the analyst consensus estimate of $943.56 million. The revenue decline was driven primarily by the eOne film divestiture; excluding the divestiture, revenue declined by 6%. Segment Revenue: Consumer Products declined 20%, Wizards of the Coast and Digital Gaming increased 20%. Entertainment segment revenues plunged 90%, impacted by the sale of eOne Film and TV in December 2023; absent this impact, revenue declined 30%. Selling, dist
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori