NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Hasbro, Inc. (NASDAQ: HAS). Shareholders who purchased shares of HAS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/hasbro-inc-loss-submission-form/?id=114518&from=3  CLASS PERIOD: February 7, 2022 to Oc ...

Class Action Lawsuit Against Hasbro - A class action lawsuit has been filed on behalf of investors who purchased Hasbro common stock between February 7, 2023, and October 25, 2023 [1] - The lawsuit alleges that Hasbro misled investors regarding its inventory levels and failed to accurately represent the quality and appropriateness of inventory levels compared to customer demand [2] - Hasbro experienced a significant buildup of inventory that exceeded customer demand, leading to challenges in inventory management [2] Financial Performance and Guidance - Hasbro reported an 18% year-over-year decline in Consumer Product revenues for Q3 2023, attributed to exited businesses, soft industry trends, and inventory management prioritization [3] - The company revised its full-year guidance for Consumer Product, expecting a revenue decline of 13% to 15%, compared to the previously forecasted 3% to 6% decline [3] - Hasbro disclosed an estimated $50 million in one-time costs related to inventory management, including marketing and obsolescence costs [3] Stock Price Impact - Following the Q3 2023 earnings announcement, Hasbro's stock price declined by $6.38 per share, or 11.7%, from $54.75 to $48.37 [3] Legal and Shareholder Information - Shareholders eligible to participate in the class action must submit their application by January 13, 2025, to serve as lead plaintiff [4] - Robbins LLP, the law firm handling the case, has a history of recovering over $1 billion for shareholders since 2002 [5] - Shareholders can sign up for alerts to be notified of settlements or corporate executive wrongdoing [6]

NEW YORK, Dec. 01, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Hasbro, Inc. (NASDAQ: HAS) between February 7, 2022 and October 25, 2023, both dates inclusive (the “Class Period”), of the important January 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased Hasbro common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. W ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Hasbro (HAS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Hasbro currently has an average brokerage recommendation (ABR) of ...

LOS ANGELES, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 13, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Hasbro, Inc. (“Hasbro” or the “Company”) (NASDAQ: HAS) common stock between February 7, 2022, and October 25, 2023, inclusive (the “Class Period”). If you suffered a loss on your Hasbro investments or would like to inquire about potentially pursuing cl ...

SAN DIEGO, Nov. 25, 2024 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Hasbro, Inc. (NASDAQ: HAS) common stock between February 7, 2022 and October 25, 2023, inclusive (the "Class Period"), have until January 13, 2025 to seek appointment as lead plaintiff of the Hasbro class action lawsuit. Captioned West Palm Beach Firefighters' Pension Fund v. Hasbro, Inc., No. 24-cv-08633 (S.D.N.Y.), the Hasbro class action lawsuit charges Hasbro as well as certain of Hasbro's top current ...

LOS ANGELES, Nov. 25, 2024 /PRNewswire/ --  The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hasbro, Inc. ("Hasbro" or "the Company") (NASDAQ: HAS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 7, 2022 and October 25, 2023, inclusive (the "Class Period"), are e ...

Core Viewpoint - Hasbro, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented inventory quality and levels during a significant buildup that exceeded customer demand [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Hasbro misrepresented the quality and appropriateness of its inventory levels compared to customer demand, leading to a significant buildup of inventory that the company struggled to manage [3]. - On January 26, 2023, Hasbro previewed its fourth quarter results for fiscal year 2022, admitting to a 17% year-over-year revenue contraction and announcing a layoff of 15% of its global workforce, which resulted in an over 8% drop in stock price [4]. - On October 26, 2023, Hasbro reported an 18% decline in Consumer Product revenues year-over-year and provided a significantly reduced guidance for the remainder of the year, leading to an additional 11.7% drop in stock price [5]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Hasbro common stock during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. - The lead plaintiff can select a law firm of their choice to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [6]. Group 3: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having secured $6.6 billion for investors in securities-related class action cases, significantly more than any other law firm in the last four years [7].

SAN DIEGO, Nov. 22, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Hasbro, Inc. (NASDAQ: HAS) common stock between February 7, 2022 and October 25, 2023, both dates inclusive (the "Class Period"), have until January 13, 2025 to seek appointment as lead plaintiff of the Hasbro class action lawsuit.  Captioned West Palm Beach Firefighters' Pension Fund v. Hasbro, Inc., No. 24-cv-08633 (S.D.N.Y.), the Hasbro class action lawsuit charges Hasbro as well as cert ...

NEW YORK, Nov. 22, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hasbro, Inc. (NASDAQ: HAS).Shareholders who purchased shares of HAS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/hasbro-inc-loss-submission-form/?id=112976&from=4CLASS PERIOD: February 7, 2022 to October 25, ...