Name of opportunity: 👀
Hasbro Inc
Hasbro stock on the rise today: 👆
The toy and games company Hasbro’s stock has risen today by 0.98%, after falling for two consecutive days. Is it a good investment? Analysts right now are saying Hasbro is a ‘Buy’. Today is the ex-dividend date for the stock, meaning that investors who bought today will be too late to receive the company’s quarterly dividend - so this might not be a reason why the stock is going up today - but for future investors, Hasbro’s relatively high dividend yield of 4.07% might be an appealing draw.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Hasbro Inc. will increase from $61.54 to $71.36 in the next 12 months. If you invested $1000, you might profit $168.75.
Hasbro has had some recent achievements, with a licensing deal for Monopoly Go predicted to bring in $105 million in revenue this year. Video game Baldur’s Gate 3 brought in $90 million in its first six months. And in an interview with Bloomberg published today, CEO Chris Cocks shared future plans to focus on video games, aiming to release one to two of these products a year by 2026 - as well as cutting back on movies, which have been performing less well for the company. It seems investors and analysts might like the sound of the company’s new direction.
Hasbro is regarded as being in good financial health, performing well with strong revenue, cash flow, and EBITDA. As mentioned, investors in the future might also find the 4.07% dividend yield attractive, although it is now too late to get the payment this time around.
Let’s play: 🎲
Hasbro, Inc. (Hasbro) is a global play and entertainment company. Hasbro operates through three segments: Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment. Consumer Products is engaged in the sourcing, marketing, and sales of toy and game products around the world.
Which neme?: 🔍
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