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Hasbro, Inc. has received a "Moderate Buy" rating from analysts, with eight buy ratings and two hold ratings, and an average target price of $80.22. The company reported a quarterly EPS of $0.46, exceeding estimates, and declared a quarterly dividend of $0.70, yielding 4.65%. Institutional investors hold 91.83% of the stock, reflecting strong interest in the company.
The healthcare companion robots market is projected to grow from $5.17 billion in 2023 to $12.46 billion by 2028, driven by advancements in robotics, increasing demand for medical procedures, and a rising aging population. North America led the market in 2023, with significant trends including AI integration and product innovations. Key players include Hanson Robotics and Intuition Robotics, focusing on enhancing emotional support and personalized healthcare services.
Norfolk Southern and activist investor Ancora have reached a settlement to avoid a proxy fight, expanding the board from 13 to 14 members. Ancora withdrew its nominations for four candidates after the ousting of former CEO Alan Shaw due to an inappropriate workplace relationship. The company is now seeking an independent director to join the board as part of a renewed focus on operational leadership.
Mattel and Hasbro have lowered their end-of-year guidance ahead of the holiday season, citing a decline in toy sales during the third quarter. Mattel anticipates sales to be "comparable to slightly down," while Hasbro expects a revenue drop of 12% to 14% for consumer products. Despite mixed results, overall holiday spending is projected to rise from $979.5 billion to $989 billion, influenced by economic factors and recent climate disasters.
Color Health is expanding its virtual cancer clinic, targeting employers and health plans to address rising cancer treatment costs, projected to reach nearly $250 billion by 2030. The clinic offers comprehensive care from screening to survivorship, leveraging partnerships and AI tools to enhance patient outcomes and reduce financial burdens. With a focus on integrated care, Color aims to improve adherence to cancer screenings and support patients throughout their treatment journey.
UBS has increased its price target for Hasbro from $69 to $82 ahead of the company's third-quarter results on October 24. The toy maker is on track to exceed its fiscal 2026 operating margin target of 20% as gains from its gaming segment, including Magic: The Gathering and Dungeons & Dragons, are expected to drive revenues to $1.6 billion by 2026. Currently, twelve of fifteen brokerage firms rate Hasbro's stock as a "buy" or higher, with a median target of $77, and the share price has risen by 41% since the start of the year.
Hasbro, Inc.
Companies
| Symbol | HAS |
| Name | Hasbro, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Consumer Services |
| Industry | Hotels, Restaurants & Leisure |
| Market | NASDAQ Global Select |
| Country | United States |
| State | RI |
| City | Pawtucket |
| Zipcode | 02861-1059 |
| Website | http://www.hasbro.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hasbro stock receives moderate buy rating with average target price of 80.22
08:40 18.03.2025
healthcare companion robots market projected to reach 12.46 billion by 2028
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norfolk southern and ancora reach settlement to expand board and avoid conflict
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