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 ...

NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Hasbro, Inc. ("Hasbro, Inc." or the "Company") (NASDAQ: HAS) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Hasbro, Inc. investors who were adversely affected by alleged securities fraud between February 7, 2022 and October 25, 2023. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/hasbro-inc-lawsuit-submiss ...

Core Viewpoint - Investors in Hasbro, Inc. should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Jan 17, 2025 $110.00 Put option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future price movements, suggesting that investors anticipate a significant change in Hasbro's stock price, potentially due to an upcoming event [2] - High implied volatility in options often signals that traders are preparing for a major price movement, which could lead to either a rally or a sell-off [2] Group 2: Analyst Sentiment - Hasbro currently holds a Zacks Rank of 3 (Hold) within the Toys - Games - Hobbies industry, which is in the top 18% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have raised their earnings estimates for Hasbro's current quarter, while six analysts have lowered their estimates, resulting in a decrease in the Zacks Consensus Estimate from earnings of 80 cents per share to 37 cents [3] Group 3: Trading Strategies - The high implied volatility surrounding Hasbro's stock may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility [4] - Seasoned traders typically utilize this strategy to capture decay, hoping that the underlying stock does not move as much as initially expected by expiration [4]

NEW YORK, Dec. 16, 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=116400&from=4CLASS PERIOD: February 7, 2022 to October 25, ...