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Hasbro

Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offers the firm access to 18 million digital tabletop players.

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B of A Securities analyst Jason Haas maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Buy and raises the price target from $90 to $95.

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B of A Securities Maintains Buy on Hasbro, Raises Price Target to $95

7 analysts have shared their evaluations of Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Hasbro, presenting an average target of $78.43, a high estimate of $90.00, and a low estimate of $59.00. This current average has increased by 3.98% from the previous average price target of $75.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1728388904_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hasbro. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$82.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Stephanie Wissink</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$83.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Jason Haas</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$79.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$78.00</td>
<td>$77.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hasbro. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hasbro compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Hasbro's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Hasbro's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/HAS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hasbro analyst ratings.</a>
<h2>All You Need to Know About Hasbro</h2>
Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons &amp; Dragons Beyond in 2022, offers the firm access to 18 million digital tabletop players.
<h3>Understanding the Numbers: Hasbro's Finances</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Negative Revenue Trend: Examining Hasbro's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -17.74% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.92%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 12.84%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Hasbro's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.12%, the company showcases efficient use of assets and strong financial health.
Debt Management: Hasbro's debt-to-equity ratio stands notably higher than the industry average, reaching 3.47. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Hasbro Stands With Analysts

Stifel analyst Drew Crum maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Buy and raises the price target from $78 to $82.

Stifel Maintains Buy on Hasbro, Raises Price Target to $82

Jefferies analyst Stephanie Wissink maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Buy and raises the price target from $75 to $83.

Jefferies Maintains Buy on Hasbro, Raises Price Target to $83

With a looming dockworkers' strike on the East and Gulf Coasts set to begin Oct. 1, major companies like Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are bracing <a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert">for substantial disruptions</a>.
The strike, led by the International Longshoremen&#8217;s Association, could shut down 36 ports from Maine to Texas, potentially halting half of the goods entering and leaving the U.S.
<h2 class="wp-block-heading">Retail &amp; Tech Sectors At Risk</h2>
Retail giants like Amazon and Apple are particularly vulnerable. They rely heavily on East Coast ports to bring in consumer electronics and inventory. Delays could hit these companies with the holiday shopping season around the corner.
Amazon's ability to meet demand for everything from household goods to electronics may suffer, while Apple risks product shortages on key items like the iPhone 15, iPhone 16 and MacBooks, all critical to its revenue in the fourth quarter.
Read Also: <a href="https://www.benzinga.com//node/41059881">Costco Gears Up For Potential US Port Strikes As CEO Stresses Proactive Steps: America Could &#8216;Get Holiday Goods In Ahead Of This Time Frame&#8217;</a>
<h2 class="wp-block-heading">Automotive Sector May Feel The Pinch</h2>
Tesla could also face a significant blow as it sources essential components globally. The Ports of New York/New Jersey are critical for Tesla's supply chain, and any prolonged shutdowns could delay deliveries and increase manufacturing costs. Other automakers, like Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), could also struggle with supply bottlenecks for parts, further squeezing a sector already battling rising costs.
<h2 class="wp-block-heading">Inflation Pressures Could Rise</h2>
The Toy Association has expressed concerns that 60% of toy sales occur in the fourth quarter, and major toy companies like Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) and Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) could face inventory shortages, driving up prices.
Agriculture and food companies reliant on East Coast ports, such as Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>), may also face delays in getting goods to market, worsening consumer inflation.
Business leaders and investors are watching closely, as a prolonged strike could have far-reaching consequences on multiple sectors, potentially pushing inflation higher and slowing economic growth.
Read Next:
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<li><a href="https://www.benzinga.com//node/41012532">China&#8217;s Exports At Risk From Anticipated US Port Strikes, Typhoons, Golden Week, Warns Container Trade Expert</a></li>
</ul>
Photo: Wayne Via/Shutterstock.com

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Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears

Disguise, Inc., a world leader in costume design and manufacturing, has officially announced new rights to design, produce, market, and distribute costumes and accessories for Paramount Animation and Hasbro's latest film, TRANSFORMERS ONE, in North America, LATAM and in some channels in EMEA. This newest addition to the iconic TRANSFORMERS movie franchise, produced by Paramount Animation and Hasbro and released by Paramount Pictures on September 20, 2024, is set to bring fresh excitement to fans globally. &nbsp;

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Disguise Announces New Rights To Design, Produce, Market, And Distribute Costumes And Accessories For Paramount Animation And Hasbro's Latest Film, Transformers One

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $76.8, with a high estimate of $90.00 and a low estimate of $59.00. Witnessing a positive shift, the current average has risen by 2.4% from the previous average price target of $75.00.
<img src="https://www.benzinga.com/files/images/story/2024/1726513211_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Hasbro by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jason Haas</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$79.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Drew Crum</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$78.00</td>
<td>$77.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hasbro. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hasbro compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Hasbro's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Hasbro's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/HAS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hasbro analyst ratings.</a>
<h2>Delving into Hasbro's Background</h2>
Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons &amp; Dragons Beyond in 2022, offers the firm access to 18 million digital tabletop players.
<h3>Key Indicators: Hasbro's Financial Health</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Hasbro faced challenges, resulting in a decline of approximately -17.74% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.92%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Hasbro's ROE excels beyond industry benchmarks, reaching 12.84%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Hasbro's ROA stands out, surpassing industry averages. With an impressive ROA of 2.12%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 3.47, Hasbro faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 5 Analyst Recommendations For Hasbro

B of A Securities analyst Jason Haas maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Buy and raises the price target from $85 to $90.

B of A Securities Maintains Buy on Hasbro, Raises Price Target to $90

Toymaker Lego is on course to transition away from fossil fuels in its signature plastic bricks by 2032, aiming to replace them with more expensive renewable and recycled materials.
According to lobby group PlasticsEurope, around 90% of all plastic is currently made from virgin fossil fuels.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39295950/ozempic-maker-novo-nordisk-closes-in-on-lego-as-denmarks-most-valuable-brand-report" rel="noreferrer noopener">Ozempic Maker Novo Nordisk Closes In On Lego As Denmark&#8217;s Most Valuable Brand: Report</a>.
Lego, which sells billions of plastic bricks yearly, has tested over 600 different materials in search of a viable alternative to its traditional oil-based bricks.
While the company initially set a goal to develop a fully sustainable material by 2030, it has faced challenges in achieving this target. As a result, Lego is now focused on gradually reducing the oil content in its bricks by purchasing certified renewable resin, which can cost up to 70% more than traditional materials.
Citing CEO Niels Christiansen, Reuters noted that this approach significantly increases the cost of producing each Lego brick.
By 2026, Lego aims to have more than half of its required resin certified through the mass balance method, an auditable system that tracks sustainable materials throughout the supply chain. This would mark a significant jump from the 30% achieved in the first half of 2024.
Christiansen emphasized that Lego&#8217;s efforts come despite a surplus of cheap virgin plastic, largely due to major oil companies&#8217; investments in petrochemicals, which are expected to drive new oil demand for decades.
Lego&#8217;s suppliers are utilizing bio-waste, such as cooking oil and food industry waste fat, along with recycled materials, to replace virgin fossil fuels in plastic production.
However, the market for recycled or renewable plastic remains in its early stages, with much of the available feedstock diverted to subsidized biodiesel for transportation fuels.
Neste OYJ (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTOIF#OTC">NTOIF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTOIY#OTC">NTOIY</a>), the world&#8217;s largest producer of renewable feedstocks, reports that fossil-based plastic is still about half or a third of the cost of sustainable alternatives.
Meanwhile, competitors like Hasbro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) and Mattel Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) are also exploring more sustainable materials. Mattel has committed to using only recycled, recyclable, or bio-based plastics by 2030.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Photo by Anatoliy Tesouro via Shutterstock

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Lego Maker Pledges To Cut Oil Content In Bricks By 2032, Faces Higher Production Costs

<h4>Key Takeaways:</h4>
<ul>
<li>Pop Mart&rsquo;s revenue rose 62% in the first half of the year and its profit nearly doubled, as its revenue from outside Mainland China more than tripled</li>
<li>The company came under attack this week from the influential Xinhua news agency for the addictive nature of its collectible &lsquo;blind box&rsquo; toys</li>
</ul>
By Doug Young
It&rsquo;s a toy story that could only be made in China.
This particular tale is coming from&nbsp;Pop Mart International Group Ltd., which has found huge success with its trendy series of collectible toys sold from &ldquo;blind boxes&rdquo; that don&rsquo;t reveal their contents until after a buyer opens them following a purchase. Last week, Pop Mart reported&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0820/2024082000564.pdf">stellar results</a>&nbsp;for the first half of 2024, including 62% revenue growth and a near-doubling in its profit, sparking a rally in its shares.
But just a week later, on Thursday this week, the company got an uncomfortable wakeup call when China&rsquo;s official Xinhua news agency published an article on the evils of blind box toys. While no companies were named in the article, headlined &ldquo;Minors should keep their distance from the &ldquo;blind box lure,&rdquo; Pop Mart was an obvious unspoken target.
Following a 12% rally for its shares in the days after announcing its results last week, Pop Mart&rsquo;s stock fell as much as 5% on Thursday after the Xinhua article&rsquo;s publication, before closing down by a milder 1.8%.
The stock is still up more than 8% since Pop Mart&rsquo;s results announcement, perhaps reflecting investor belief that the Xinhua article doesn&rsquo;t signal an upcoming regulatory crackdown that China has become famous for. At the same time, investors may also be reassured by Pop Mart&rsquo;s lessening dependence on its unpredictable China home market through a rapid expansion of its global business, representing an important diversification move.
Next, we&rsquo;ll delve more deeply into this China toy story by taking a closer look at Pop Mart&rsquo;s latest results, before examining the Xinhua story that rattled investors.
The company began as a traditional toy maker using intellectual property (IP) licensed from other companies, before discovering it could make far more money by developing its own IP. It&rsquo;s become quite successful in that regard, with a current stable of products centered on toys built around its Molly, The Monsters and Skullpanda IPs.
The company has also discovered it can sell more toys, and also create an element of excitement around its products, by packaging them in blind boxes, much the way that trading cards are packaged and sold in the West.
That potent combination has helped Pop Mart to record strong double-digit sales growth, even as other Chinese retailers have seen their sales stagnate and even start to decline in the current environment of consumer caution. As we&rsquo;ve previously noted, Pop Mart&rsquo;s revenue rose 62% in the first half of this year to 4.56 billion yuan ($641 million) from 2.81 billion yuan in the same period of 2023.
While the company posted 32% revenue growth in Mainland China during the period &ndash; no easy feat in the current environment &ndash; the more important engine behind its growth came from its young but fast-expanding international operation. That part of the business more than tripled to 1.35 billion yuan from 376 million yuan in the year-ago period, as the company expanded its global footprint to 92 brick-and-mortar shops at the end of June from 28 at the end of 2022. Its international roboshops, basically vending machines selling its toys, also grew to 162 from 49 over the same period.
<h3>Improving&nbsp;Margins</h3>
Pop Mart can earn far higher margins than many of its rivals due to the big premiums it charges for its toys because of their collectible nature. And it&rsquo;s quickly discovering that foreigners are willing to pay even bigger premiums for their collectible toys than Chinese enthusiasts.
The company&rsquo;s overall gross margin rose to 64.0% in the first half of this year, up from 60.4% a year earlier. Most of those gains came from its international operation, which includes Hong Kong and Macau, whose gross margin jumped to 70.1% from 62.9% year-on-year as that part of the business gained scale. By comparison, the company&rsquo;s China gross margin is much lower, also rising by a more modest 1.5 percentage points to 61.5% from 60.0% over that period.
The big margin improvement, combined with the strong revenue gains, helped Pop Mart to nearly double its profit to 921 million yuan in the first half of the year from 477 million yuan a year earlier. Its stock now trades at a very strong price-to-earnings (P/E) ratio of 37, more than double domestic rival&nbsp;Miniso&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NYSE">MNSO</a>) 17, and roughly comparable to global toy giant&nbsp;Hasbro&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/has#NASDAQ">HAS</a>) 36.
All that said, we&rsquo;ll take a closer look at the&nbsp;<a href="http://www.xinhuanet.com/comments/20240829/edbb7982ac3c47aba1eaeb81109f0550/c.html">Xinhua article</a>&nbsp;and its implications, including why investors appeared to largely shrugging it off. Following its warning-style headline, the article goes on to compare blind box toys to drugs that unsuspecting minors can easily become addicted to. It also likens such collecting to a sort of addictive gambling, since such toys can often sell for far more than their price tags if someone &ldquo;hits the jackpot&rdquo; by purchasing a rare toy that&rsquo;s in big demand.
The article also features a one-minute video of a police officer talking about both of these points, and mentions an existing guideline from China&rsquo;s market regulator prohibiting blind box toys from targeting children under 8.
China&rsquo;s regulators have been famous for their steps to protect minors from such unscrupulous businesses in recent years, most recently limiting minors&rsquo; access to video games &ndash; an action that dealt a major blow to many gaming companies. Thus, some might interpret this Xinhua article, coming from a leading state media, as signifying a potential new crackdown is coming for blind box toys.
While that&rsquo;s possible, the reality is that Xinhua functions more as a newswire service like Reuters or Associated Press, and is more a conveyor of news rather than an opinion leader in China. An appearance of the same article in the People&rsquo;s Daily, the official newspaper of China&rsquo;s Communist Party, probably would be far more alarming. At the same time, Pop Mart&rsquo;s international expansion is helping to ease concerns about any future crackdowns, showing quite clearly why geographical diversification is a shrewd step for any Chinese company with the resources to make such a move.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

MNSO

Pop Mart's 'Blind Box' Toys Attract Fans, Detractors

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$175.00</td>
<td>$37.9K</td>
<td>2.5K</td>
<td>7.9K</td>
</tr>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$207.50</td>
<td>$32.9K</td>
<td>921</td>
<td>6.1K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$85.00</td>
<td>$27.2K</td>
<td>2.4K</td>
<td>3.6K</td>
</tr>
<tr>
<td>LCID</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.00</td>
<td>$57.0K</td>
<td>10.1K</td>
<td>3.1K</td>
</tr>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$85.00</td>
<td>$27.8K</td>
<td>3.4K</td>
<td>1.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$96.00</td>
<td>$46.3K</td>
<td>0</td>
<td>1.7K</td>
</tr>
<tr>
<td>HAS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$67.50</td>
<td>$40.4K</td>
<td>193</td>
<td>734</td>
</tr>
<tr>
<td>CRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$70.00</td>
<td>$45.9K</td>
<td>1.2K</td>
<td>620</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$390.00</td>
<td>$118.2K</td>
<td>569</td>
<td>566</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$36.0K</td>
<td>19.9K</td>
<td>535</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on September 6, 2024. Parties traded 150 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $253.0 per contract. There were 2580 open contracts at this strike prior to today, and today 7984 contract(s) were bought and sold. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option trade that happens to be neutral, expiring in 10 day(s) on September 6, 2024. This event was a transfer of 61 contract(s) at a $207.50 strike. The total cost received by the writing party (or parties) was $32.9K, with a price of $540.0 per contract. There were 921 open contracts at this strike prior to today, and today 6101 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on August 30, 2024. Parties traded 250 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $109.0 per contract. There were 2454 open contracts at this strike prior to today, and today 3643 contract(s) were bought and sold. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on September 20, 2024. Parties traded 1500 contract(s) at a $4.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $38.0 per contract. There were 10144 open contracts at this strike prior to today, and today 3139 contract(s) were bought and sold. 
• For FIVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on September 20, 2024. This event was a transfer of 53 contract(s) at a $85.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $519.0 per contract. There were 3456 open contracts at this strike prior to today, and today 1825 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on August 30, 2024. This event was a transfer of 200 contract(s) at a $96.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $46.3K, with a price of $232.0 per contract. There were 0 open contracts at this strike prior to today, and today 1784 contract(s) were bought and sold. 
• For HAS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>), we notice a put option sweep that happens to be bearish, expiring in 143 day(s) on January 17, 2025. This event was a transfer of 86 contract(s) at a $67.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $470.0 per contract. There were 193 open contracts at this strike prior to today, and today 734 contract(s) were bought and sold. 
• For CRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>), we notice a put option sweep that happens to be neutral, expiring in 24 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $70.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $230.0 per contract. There were 1269 open contracts at this strike prior to today, and today 620 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option trade that happens to be bullish, expiring in 52 day(s) on October 18, 2024. This event was a transfer of 275 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $118.2K, with a price of $430.0 per contract. There were 569 open contracts at this strike prior to today, and today 566 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option sweep that happens to be bullish, expiring in 143 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $60.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $360.0 per contract. There were 19925 open contracts at this strike prior to today, and today 535 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

FIVE

LCID

Citigourp Global Markets 2% Protected Notes Linked To The Djia

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Strategic Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stra#NASDAQ">STRA</a>), or SEI, reported stellar results in second-quarter 2024. Its quarterly earnings and revenues topped the Zacks Consensus Estimate and increased year over year.
The quarterly results reflect solid growth across the company&#39;s three reportable segments, attributable to continued enrollment growth in the U.S. Higher Education (&quot;USHE&quot;) segment, especially employer-affiliated enrollments, and total enrollment improvement in the Australia/New Zealand (ANZ) segment. Moreover, the Education Technology Services segment portrayed solid performance, mainly driven by the growth in Sophia Learning subscriptions.
However, shares of this education services holding company lost 5% on Jul 31 after its earnings release.
<h3>Inside the Headlines</h3>
SEI reported adjusted earnings per share of $1.33, which topped the Zacks Consensus Estimate of $1.20 by 10.8% and rose impressively from the year-ago quarter&#39;s 82 cents.
Total revenues of $312.3 million surpassed the consensus estimate of $304 million by 2.7% and increased 8.7% from the year-ago quarter&#39;s level. On a constant-currency basis, revenues increased 8.9% to $313.4 million in the quarter.
<div class="chart_embed">
<h3>Strategic Education Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Strategic Education Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d8/1722440952.png" style="height:265px; width:584px" title="" />
Strategic Education Inc. price-consensus-eps-surprise-chart | Strategic Education Inc. Quote
</div>
<h3>Segmental Details</h3>
USHE: This segment comprises Strayer and Capella Universities. The segment&#39;s revenues increased 6.9% year over year to $216.6 million, backed by solid enrollment.
Student enrollment increased 8.4% from the year-ago quarter&#39;s level to 87,077 students. FlexPath enrollment was 22% of USHE enrollment compared with 21% in the year-ago quarter.
During the quarter, the operating margin rose to 9.2% from 3.3% in the year-ago quarter.
Education Technology Services: This segment includes Employer Solutions, Workforce Edge and Sophia Learning. The segment&#39;s quarterly revenues were $24.5 million, up 25.6% year over year, backed by solid growth in Sophia Learning subscriptions and employer-affiliated enrollment.
Sophia Learning&#39;s average total subscribers increased 37% from the year-ago period&#39;s levels. Employer-affiliated enrollment was 29.3% of USHE enrollment compared with 27.1% in the year-ago period.
Its operating margin was 40.9% in the reported quarter, up by a whopping 930 basis points (bps) from a year ago.
ANZ: This segment includes Torrens University, Think Education and Media Design School. The segment&#39;s revenues were $71.1 million, up 8.6% year over year, driven by higher enrollment and revenue-per-student. On a constant-currency basis, revenues rose 10.3% to $72.2 million year over year.
Student enrollment within ANZ rose 6.4% to 19,113 students during the reported quarter compared with the year-ago quarter.
The operating margin was 19.8%, down from 21.8% in the same period of 2023. On a constant-currency basis, the operating income margin was 19.9%, down from 21.8% in the year-ago period.
<h3>Operating Highlights</h3>
Adjusted operating income was up 61.4% to $43.9 million from $27.2 million in the year-ago quarter. The adjusted operating margin of 14.1% expanded a whopping 460 bps from the year-ago quarter.
Adjusted EBITDA in the reported quarter was $63.3 million, up from $45.4 million in the year-ago quarter.
<h3>Financial Details</h3>
As of Jun 30, 2024, SEI had cash and cash equivalents of $230.1 million, up from $168.5 million in 2023-end. Long-term debt at the second quarter of 2024-end was $61.3 million, slightly down from $61.4 million in 2023-end.
Cash provided by operating activities was $101.9 million in the first six months of 2024, up from $40.7 million in the comparable year-ago period. In the first half of 2024, capital expenditures were $19.9 million compared with $17.8 million a year ago.
In the second quarter of 2024, consolidated bad debt expense was 4.3% of revenue, slightly down from 4.4% for the same period in 2023.
<h3>Zacks Rank &amp; Recent Consumer Discretionary Releases</h3>
Strategic Education currently carries a Zacks Rank #3 (Hold).
Boyd Gaming Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/byd#NYSE">BYD</a>) reported second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The company&#39;s top line increased year over year.
Segment-wise, Boyd Gaming&#39;s Las Vegas Locals market showed improvement from the first quarter. Its business in this segment achieved market share growth. Additionally, the company experienced strong growth in its Downtown Las Vegas operations and maintained stable performance in Midwest and South operations.
Hasbro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/has#NASDAQ">HAS</a>) reported second-quarter fiscal 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Despite a year-over-year revenue decline, earnings increased on the back of a favorable business mix and improved operations.
For the full year, HAS expects total adjusted EBITDA between $975 million and $1.025 billion compared with the prior prediction of $925 million and $1 billion.
Mattel, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top line missed the consensus estimate for the third straight quarter.
Mattel anticipates 2024 adjusted EPS between $1.35 and $1.45, compared with $1.23 in 2023. The Zacks Consensus Estimate for 2024 EPS is pegged at $1.40.
<a href="https://www.zacks.com/stock/news/2313383/strategic-education-stra-q2-earnings-revenues-beat-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313383">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Trading Ideas

STRA

Strategic Education Q2 Earnings & Revenues Beat Estimates

Mohawk Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mhk#NYSE">MHK</a>) reported mixed results for the second quarter of 2024 (ended Jun 29). Its earnings surpassed the Zacks Consensus Estimate and improved year over year. It reported an earnings beat in each of the trailing six quarters.
On the other hand, net sales declined on a year-over-year basis and missed the consensus mark.
The softness in the top line was driven by the ongoing inflationary conditions and market uncertainties that consumers are facing globally. These factors induced uncertainty among consumers regarding discretionary spending, thus affecting the sales volume. Also, the company&#39;s flooring remodeling is trapped under the pressures of elevated mortgage rates, higher home prices and the locked-in effect on homeowners. Although its commercial channel is faring well, MHK remains concerned about its residential purchases across its geographies, given the aforementioned headwinds.
That said, the bottom line gained due to the company&#39;s effective implementation of its productivity initiatives and restructuring actions as well as lower energy and material costs, partially offset by the market pressure on pricing, mix and foreign exchange headwinds. Given the current market backdrop, the company is primarily focusing on controllable factors including sales initiatives, cost containment and restructuring actions to continue its growth streak.
Through operational efficiencies and strategic restructuring actions, the company aims to generate annualized savings of $100 million, of which $20-$25 million will be recognized in 2024.
Shares of this leading global flooring manufacturer gained 11.5% in the after-hours trading session on Jul 25.
<h3>Inside the Numbers</h3>
Mohawk reported adjusted earnings per share of $3.00, which topped the Zacks Consensus Estimate of $2.76 by 8.7%. The metric also increased 8.7% year over year.
<div class="chart_embed">
<h3>Mohawk Industries, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Mohawk Industries, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/aa/1722001186.png" style="height:265px; width:591px" title="" />
Mohawk Industries, Inc. price-consensus-eps-surprise-chart | Mohawk Industries, Inc. Quote
Net sales of $2.8 billion missed the consensus estimate of $2.84 billion by 1.5% and decreased 5.1% from the year-ago figure of $2.95 billion. On an adjusted basis, net sales were down 4.5% year over year.
Adjusted gross margin was up 120 basis points (bps) year over year to 27.1%. Adjusted selling, general and administrative expenses, as a percent of net sales, rose 30 bps to 17.9% from the year-ago period. Adjusted operating margin also expanded 90 bps to 9.2% from 8.3% a year ago.
</div>
<h3>Segment Details</h3>
Global Ceramic: Sales in the segment totaled $1.115 billion, down 3.4% year over year and 2.9% on an adjusted basis. Adjusted net sales were $1.121 billion. Adjusted operating income decreased to $94.8 million from $99.1 million a year ago. The segment&#39;s adjusted operating margin declined to 8.5% from 8.6% a year ago.
Flooring North America: Net sales at the segment amounted to $958.5 million, down 4.3% year over year. The segment registered an adjusted operating profit of $82 million, significantly up from $60.6 million reported in the prior-year period. Adjusted operating margin was 8.6%, up from 6% a year ago.
Flooring Rest of the World: Net sales in the segment decreased 8.3% year over year to $727.2 million. On an adjusted basis, sales were down 7% from the year-ago level. Adjusted net sales were $737.6 million. Adjusted operating income was $91.4 million, down from $96.4 million reported a year ago. That said, the segment&#39;s adjusted operating margin was 12.6%, up from 12.2% in the year-ago period.
<h3>Financial Highlights</h3>
As of Jun 29, 2024, Mohawk had cash and cash equivalents of $497.4 million compared with $570.9 million as of Jul 1, 2023. The long-term debt, less the current portion, was $1.69 billion, down from $2.01 billion at the end of the second quarter of 2023.
At the end of the second quarter, the company generated a free cash flow of $142.2 million, down from $146.9 million a year ago.
<h3>Zacks Rank &amp; Recent Consumer Discretionary Releases</h3>
Mohawk currently carries a Zacks Rank #4 (Sell).
Hasbro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/has#NASDAQ">HAS</a>) reported second-quarter fiscal 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Despite a year-over-year revenue decline, earnings increased on the back of a favorable business mix and improved operations.
Net revenues from the Consumer Products and Entertainment segment decreased 20% year over year to $524.5 million and 90% year over year to $18.8 million, respectively. Nonetheless, Wizards of the Coast and Digital Gaming segment&#39;s revenues totaled $452 million, up 20% from $375.6 million in the year-ago quarter. The upside was driven by a higher digital licensing revenue mix and lower royalty expenses.
Royal Caribbean Cruises Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) reported impressive second-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The bottom and top lines increased on a year-over-year basis. RCL benefited from stronger pricing on close-in demand and continued strength in onboard revenues.
RCL is focused on driving strong shareholder returns by delivering a lifetime of vacations and capturing a larger share of the rapidly growing $1.9 trillion global vacation market. It focuses on disciplined expansion, moderate yield growth and cost control to achieve the same. Furthermore, during the quarter, the company achieved its Trifecta financial goals (18 months ahead of schedule), strengthened its balance sheet and reinstated dividends, thereby enhancing shareholders&#39; value.
Las Vegas Sands Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lvs#NYSE">LVS</a>) reported lower-than-expected second-quarter 2024 results, with earnings and net revenues missing the Zacks Consensus Estimate. That said, the metrics grew on a year-over-year basis.
The quarterly results reflected continuous performance growth in Macao and Singapore, attributable to LVS&#39; committed investment opportunities undertaken to enhance the business and deliver top-tier customer experiences. Travel recovery and improving tourism spending are encouraging for the prospects in Macao, however, the fall in visitation levels from the pre-pandemic levels remains a concern.
<a href="https://www.zacks.com/stock/news/2310294/mohawk-s-mhk-shares-up-on-q2-earnings-beat-net-sales-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2310294">To read this article on Zacks.com click here.</a>

Dividends

Mohawk's Shares Up on Q2 Earnings Beat, Net Sales Miss

Goldman Sachs analyst Stephen Laszczyk reiterated a <a href="https://www.benzinga.com/quote/HAS/analyst-ratings" target="_blank" rel="noreferrer noopener">Neutral rating</a> on the shares of Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) and raised the price target from $62 to $65. The raised price target is based on 15.0x second-twelve-month EPS.
Hasbro reported 2Q24 results that featured a beat across revenue, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39955852/play-doh-twister-maker-hasbro-thrives-q2-profits-soar-despite-entertainment-slump" rel="noreferrer noopener">adjusted EBITDA, and adjusted EPS</a>.
The beat to revenue was driven primarily by better-than-expected Wizards of the Coast revenues and adjusted operating profit, said the analyst.
The analyst is encouraged by the demand and margin trends within Hasbro&#8217;s Consumer Products segment coming out of 2Q24.
Heading into the back-to-school shopping season, the retailer would garner support from a healthier retail ecosystem and new product innovation, noted the analyst.
Meanwhile, the analyst is more cautious on the trajectory of WOTC as Hasbro guided to Monopoly Go revenues below expectations (~$30 million/quarter vs ~$40 million GSe), and updated WOTC guidance implied a larger than expected 2H24 decline in tabletop revenue.
The analyst increased the estimates for revenues, EPS and free cash flow largely to reflect the strength in consumer products.
The analyst sees three main levers Hasbro can pull to achieve $750 million in gross cost savings by YE2025, which includes headcount reduction (immediate), supply chain optimization (short-term/ongoing), and architecting new toys/products around a more <a href="https://www.benzinga.com/calendars/guidance">efficient go-to-market strategy (medium-term).</a>
On the Consumer Products side, Hasbro is encouraged by early signs of demand it is seeing for its Beyblade, Deadpool, and Transformers lines and the management expects this to result in low single-digit percentage declines in CP revenue in the third quarter before returning to growth in the fourth quarter, added the analyst.
For Baldur&#8217;s Gate III, Hasbro now expects ~$30 million of revenue for the full year, major chunk of which was achieved in the first half, noted the analyst.
While the second quarter figure of $40 million revenue in Monopoly Go was well above the analyst&#8217;s expectation of ~$10-15 million, the analyst considers this was partially a pull-forward of pre-earnings full-year MGO revenue expectation of ~$100 million in 2024.
Price Action: HAS shares are trading higher by 3.17% at $63.47 at last check Friday.
Photo via Wikimedia Commons

Analyst Color

Reiteration

Goldman Sachs Sees Encouraging Demand, Margin Trends For Toy Maker Hasbro

Morgan Stanley analyst Megan Alexander maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Overweight and raises the price target from $78 to $79.

Morgan Stanley Maintains Overweight on Hasbro, Raises Price Target to $79

Stifel analyst Drew Crum maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Buy and raises the price target from $76 to $78.

Stifel Maintains Buy on Hasbro, Raises Price Target to $78

Analysts' ratings for Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $70.86, a high estimate of $80.00, and a low estimate of $59.00. This current average has increased by 6.89% from the previous average price target of $66.29. 
<img src="https://www.benzinga.com/files/images/story/2024/1722006015_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Hasbro. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$78.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Jason Haas</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Arpine Kocharyan</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$69.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$74.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$77.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$52.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hasbro. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Hasbro compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Hasbro's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Hasbro's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HAS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hasbro analyst ratings.</a>
<h2>About Hasbro</h2>
Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons &amp; Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players.
<h3>Understanding the Numbers: Hasbro's Finances</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Negative Revenue Trend: Examining Hasbro's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -24.35% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.69%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Hasbro's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.63% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.91%, the company showcases effective utilization of assets.
Debt Management: Hasbro's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.48, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Hasbro Stock

DA Davidson analyst Linda Bolton Weiser maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Neutral and maintains $59 price target.

DA Davidson Maintains Neutral on Hasbro, Maintains $59 Price Target

Wall Street strongly rebounded Thursday after Wednesday&#8217;s slump, driven by stronger-than-expected economic growth in the last quarter, countering <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39957034/us-economy-expands-2-8-in-q2-tops-estimates-weekly-jobless-claim-fall">concerns of a slowdown.</a>
The U.S. economy posted a notable 2.8% real growth in the second quarter, doubling the first quarter&#8217;s pace and exceeding the 2% growth estimate.
Adding to the positive outlook, the Personal Consumption Expenditure (PCE) price index showed cooling price pressures, dropping from 3.4% to 2.6%, signaling progress toward the 2% target.
At midday, major U.S. averages traded positively, with all eleven sectors of the S&amp;P 500 posting gains. The S&amp;P 500 index was up 1%, and the Dow gained a robust 1.3%. The tech-heavy Nasdaq 100 inched 0.9% higher, while small caps, tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), rallied 2.4%.
Treasury yields fell significantly, with the 30-year yield down 6 basis points to 4.48%, boosting the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) by 1.8%.
Gold fell 1.6%, likely impacted by the rebound in riskier assets, silver plummeted 3.7%, while oil prices rose 0.7% to $77.80.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 1% to $64,750, marking its fourth straight session of losses.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,252.16</td>
<td>2.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,361.96</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,480.26</td>
<td>1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,202.70</td>
<td>0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.7% higher to $545.24.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.1% to $403.20.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) rose 0.5% to $465.53.</li>
<li>Sector-wise, the Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)&nbsp;outperformed, up by 1.9%, while the&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) and the Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, both up 0.6%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks moving on earnings were:
<ul>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), down 2%.</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) down over 29%.</li>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) down over 16%.</li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) up nearly 6%.</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) down over 1%. </li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) ORLY), up over 15%. </li>
<li>Kla Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 3.2%. </li>
<li>Teradyne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) down over 11%.</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) down nearly 3%. </li>
<li>STMicroelectronics N.V. down over 11%. </li>
<li>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) up over 4%.</li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) up nearly 4%. </li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) up over 6%. </li>
<li>AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) down 2.8%. </li>
<li>Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) up 1.9%. </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) down 0.6%. </li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) up 3.8%. </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) down over 4%. </li>
<li>Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) up 3.9%</li>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) up 6.8%</li>
<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) up over 8%. </li>
<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) up 0.1%.</li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>). </li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) down over 7%. </li>
</ul>
Those reporting after the close include: SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) and VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>).
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39963781/feds-favorite-inflation-gauge-set-to-drop-to-lowest-level-in-over-3-years-is-july-rate-cut-possi">Fed&#8217;s Favorite Inflation Gauge Set To Drop To Lowest Level In Over 3 Years: Is July Rate Cut Possible?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Hasbro Named One of the Civic 50 Most Community-Minded Companies for 12th Consecutive Year

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Hasbro Announces Two New Leaders to Complete Executive Team

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