🎁$HAS Rose 7% & Led $SPX on Monopoly Prospects, Still Cheap?
1. $Hasbro(HAS)$ Rose 7.05% and Led the $SPX on Tuesday Trading.
Globally recognized toy company $Hasbro(HAS)$ rises 7% after Bank of America raises earnings expectations for FY on monopoly prospects $HAS shows a breakout pattern on 22 AUG 2023.
Disclaimer: Historical performance of stocks or indexes is not indicative of future trends. The content of this article is for informational purposes only, not direct investment advice.
2. Does $Hasbro(HAS)$ Worthy and Cheap?
Operating Capability: $Hasbro(HAS)$ has been profitable 10 times over the past 10 years, despite reporting a Loss Per Share of $1.85 in the past twelve months. The 3-year average annual revenue growth rate is 4.7%, and the 3-year average EBITDA growth rate is 5.5%. Both of these numbers rank favorably among companies in the same industry.
Dividend: Shareholders will be eligible to receive a dividend payment of $0.70 per share on November 1st. This translates to an annualized dividend rate of $2.80 per share with a yield of approximately 4.43%.
Valuation: With a current stock price of $67.81 and a market cap of $9.40 billion, $Hasbro(HAS)$ seems to be modestly undervalued compared to its GF Value of $82.09.
YTD 2023: Hasbro Inc (NASDAQ:HAS) has experienced a 7.21% daily gain and a 3-month gain of 13.6%. The YTD 2023 is 10.98%.
Target Price From Tiger Trade: The 8 analysts offering 12-month average price forecasts for $Hasbro(HAS)$ is $79.12, a 16.86% rise from current price.
3. More Discussions on $Hasbro(HAS)$
@Evan Medeiros at X platform, he pointed out that $Hasbro(HAS)$ see a nice breakout occurring with fresh 52W highs on volume. Still cheap though…
Source from X platform
@David Cox, CMT, CFA, Portfolio Manager at Raymond James Ltd: one of the top groups today is leisure toys/games, and $Hasbro(HAS)$ made a forceful stand and busted to highs for '23.
Source from X platform
@SweepCast, $Hasbro(HAS)$ with Unusual Options Activity Alerted on $65 CALL Expiring: 09-15-2023 worth $37K.
4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)
Trend Radar is a daily column that allows you to track and evaluate specific movements in certain stocks or indices. Hope this column helps you understand the market and opportunity in a timely and accurate.
Do you think the price of $Hasbro(HAS)$ will go up?
Why and What’s your target price?
Any other stocks are shaping the same pattern?
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Definitely is a buy if with better balance sheet & cashflow + meet the EPS
Tigers, did you hold $Hasbro(HAS)$ ?
Do you think the price of $Hasbro(HAS)$ will go up?
Why and What’s your target price?