Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Hasbro, Inc. due to alleged violations of federal securities laws, particularly concerning misleading statements about inventory levels and demand [2][4]. Group 1: Allegations and Misrepresentations - The complaint alleges that Hasbro and its executives made false and misleading statements regarding the quality of inventory, claiming that rising inventory levels indicated strong demand rather than excess supply [4]. - As a result of these misrepresentations, Hasbro's stock traded at artificially inflated prices during the class period [4]. Group 2: Financial Disclosures and Impact - On January 26, 2023, Hasbro revealed a 17% year-over-year revenue contraction for the fourth quarter of fiscal year 2022, leading to a layoff of 15% of its global workforce and the departure of its Chief Operating Officer [5]. - Following this announcement, Hasbro's stock price dropped by $5.17 per share, over 8% [6]. - On October 26, 2023, Hasbro disclosed an 18% decline in Consumer Product revenues year-over-year and forecasted significant costs related to inventory management, causing the stock price to decline by another $6.38 per share, over 11% [7][8]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $100,000 in Hasbro between February 7, 2022, and October 25, 2023, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - There is a deadline of January 13, 2025, for investors to seek the role of lead plaintiff in the federal securities class action against Hasbro [2].

NEW YORK, Jan. 07, 2025 (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=120896&from=3 CLASS PERIOD: February 7, 2022 to Oct ...

LOS ANGELES, Jan. 6, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Hasbro, Inc. ("Hasbro" or the "Company") (NASDAQ: HAS).IF YOU SUFFERED A LOSS ON YOUR HASBRO INVESTMENTS, CLICK HERE BEFORE JANUARY 13, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT What Is The Lawsuit About? The complaint filed alleges that, between February 7, 2022, and October 25, 2023, Defenda ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Hasbro, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its inventory quality, leading to artificially inflated stock prices during the class period from February 7, 2022, to October 25, 2023 [1]. Group 1: Allegations and Class Period - The allegations state that Hasbro's rising inventory levels were misrepresented as reflecting strong demand, while in reality, they indicated excess supply due to declining demand [1]. - The class period for the lawsuit is defined as February 7, 2022, to October 25, 2023 [1]. Group 2: Shareholder Actions - Shareholders who purchased shares of Hasbro during the specified class period are encouraged to register for the class action and may seek lead plaintiff status by the deadline of January 13, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to stock price inflation [3].

Hasbro (HAS) closed at $57 in the latest trading session, marking a -0.26% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.04%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq lost 0.05%.Shares of the toy maker have depreciated by 10.55% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 0.56% and the S&P 500's gain of 1.05%.Analysts and investors alike will be keeping a close eye on the performance of Has ...

NEW YORK, Dec. 26, 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=118158&from=4CLASS PERIOD: February 7, 2022 to October 25, ...

Core Points - A class action lawsuit has been filed against Hasbro, Inc. for potential securities fraud and unlawful business practices [7] - Hasbro reported an 18% decline in Consumer Product revenues year-over-year for Q3 2023, along with a significant reduction in guidance for the remainder of the year [2] - The company is forecasting approximately $50 million in one-time costs related to inventory management and marketing efforts [2] - Following the announcement of financial results, Hasbro's stock price fell by $5.17 per share, or 8.1%, closing at $58.61 on January 27, 2023 [5] - In a prior announcement on January 26, 2023, Hasbro projected a 17% year-over-year revenue contraction for Q4 2022 and announced layoffs of 15% of its global workforce [8] - This earlier news led to a stock price drop of $6.38 per share, or 11.7%, closing at $48.37 on October 26, 2023 [9]

NEW YORK, Dec. 19, 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=117279&from=4CLASS PERIOD: February 7, 2022 to October 25, ...

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Hasbro (HAS), and emphasizes the importance of using these recommendations in conjunction with other research tools like the Zacks Rank [1][4]. Group 1: Brokerage Recommendations - Hasbro has an average brokerage recommendation (ABR) of 1.59, indicating a consensus between Strong Buy and Buy, based on 11 brokerage firms [2]. - Of the 11 recommendations, seven are Strong Buy and one is Buy, which accounts for 63.6% and 9.1% of all recommendations respectively [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often lack success in guiding investors towards stocks with high price appreciation potential [4]. Group 2: Analyst Bias and Limitations - Brokerage analysts tend to exhibit a strong positive bias in their ratings due to vested interests, with five "Strong Buy" recommendations for every "Strong Sell" [5]. - This bias leads to a misalignment of interests between brokerage firms and retail investors, often misleading rather than guiding them [6][9]. - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10]. Group 3: Zacks Rank vs. ABR - The Zacks Rank is a quantitative model that utilizes earnings estimate revisions and is displayed in whole numbers, contrasting with the ABR which is calculated from brokerage recommendations and shown with decimals [8]. - The Zacks Rank is updated more frequently, reflecting timely changes in earnings estimates, while the ABR may not be current [11]. - For Hasbro, the Zacks Consensus Estimate for the current year remains unchanged at $3.93, indicating steady analyst views on the company's earnings prospects [12]. Group 4: Investment Outlook for Hasbro - The recent consensus estimate changes and other factors have resulted in a Zacks Rank 3 (Hold) for Hasbro, suggesting caution despite the Buy-equivalent ABR [13].

NEW YORK, Dec. 17, 2024 /PRNewswire/ --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.What to d ...