HAS Stock Summary and Trading Ideas (Hasbro | NASDAQ:HAS)

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, offered the firm access to 10 million digital tabletop players.

Hasbro trades on the NASDAQ stock market under the symbol HAS.

As of May 1, 2024, HAS stock price declined to $60.12 with 450,999 million shares trading.

HAS has a beta of 1.28, meaning it tends to be more sensitive to market movements. HAS has a correlation of 0.16 to the broad based SPY ETF.

HAS has a market cap of $8.34 billion. This is considered a Mid Cap stock.

Last quarter Hasbro reported $757 million in Revenue and $.61 earnings per share. This beat revenue expectation by $19 million and exceeded earnings estimates by $.34.

In the last 3 years, HAS stock traded as high as $105.73 and as low as $42.66.

The top ETF exchange traded funds that HAS belongs to (by Net Assets): VTI, VB, VOO, RSP, VBR.

HAS stock has underperformed the market in the last year with a return of +7.4%, while SPY returned +21.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HAS shares. However, HAS has outperformed the market in the last 3 month and 2 week periods, returning +24.5% and +10.5%, while SPY returned +2.2% and -0.7%, respectively. This indicates HAS has been having a stronger performance recently.

HAS support price is $60.29 and resistance is $62.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HAS stock will trade within this expected range on the day.