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, ...

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Hasbro, Inc. (“Hasbro” or the “Company”) (NASDAQ:HAS) securities during the period of February 7, 2022 to October 25, 2023, inclusive (“the Class Period”). Investors have until January 13, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [Click here to ...

WASHINGTON, Dec. 13, 2024 /PRNewswire/ -- The post-apocalyptic zombie strategy game, Puzzles & Survival, published by 37GAMES has announced its collaboration with the TRANSFORMERS brand, which will officially begin on December 15, 2024.Since its debut in 1984, the TRANSFORMERS brand has achieved critical acclaim, and has been a beloved franchise to multiple generations of fans. In this crossover, Optimus Prime and Megatron will join the game as a heroes, and assist players in defeating a dangerous new threa ...

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 ...