Hasbro Inc. (NASDAQ:HAS) Overview: Growth and Challenges

Hasbro Inc. (NASDAQ:HAS) is a leading name in the toy and entertainment industry, known for iconic brands such as Monopoly, Nerf, and Transformers. The company's global operations span toys, games, and entertainment content creation, placing it in direct competition with giants like Mattel and LEGO. Michael Ng from Goldman Sachs recently set a price target of $85 for Hasbro, indicating a potential 15.14% increase from its current price of $73.82.

Hasbro's stock performance has been commendable, closing the latest trading session at $73.13, marking a 1.13% increase from the previous day. This rise outperformed the S&P 500's 0.52% gain and the Dow's 1% uptick. Over the past month, Hasbro's stock has seen an 8.25% increase, surpassing the Consumer Discretionary sector's 6.1% gain and the S&P 500's 5.95% rise. This positive trend supports the optimistic price target set by Goldman Sachs.

The anticipation is high for Hasbro's upcoming earnings report, with an expected EPS of $0.77, which would be a 36.89% decline from the same quarter last year. Revenue is projected at $872.3 million, marking a 12.36% decrease from the previous year. Despite these anticipated declines, Hasbro is still considered a top momentum stock for the long term, according to Zacks Investment Research.

With a market capitalization of approximately $10.34 billion and a trading volume of 1,980,306 shares on the NASDAQ exchange, Hasbro's stock has shown significant volatility. Today, the stock fluctuated between a low of $72.23 and a high of $73.97, with $73.97 being its highest price over the past year. The lowest price for the stock in the past year was $49, suggesting considerable growth potential.