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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Hasbro, Inc.    HAS

HASBRO, INC.

(HAS)
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Delayed Quote. Delayed Nasdaq - 02/19 04:00:00 pm
97.68 USD   +0.27%
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Holiday shock for Target as toys, electronics disappoint

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01/15/2020 | 10:17am EST
Shopping carts are seen at a Target store in Azusa

Target Corp fell short of its own expectations for holiday season sales on Wednesday, reporting a drop off in online growth and demand for toys and electronics that sent a shiver through the wider U.S. retail sector.

The Minneapolis-based chain's expansion of delivery and in-store pick-ups, along with a broadening of product lines, has made it a success story among U.S. brick-and-mortar retailers striving to deal with the shift to online shopping.

Sales growth in the crucial November-December period, however, came in at just 1.4%, down from 5.7% growth a year ago and compared to the company's own previous forecasts of around 3-4% for the whole of the fourth quarter.

Shares in Target, which nearly doubled in value last year, fell 5% in response. Walmart and department stores Macy's, Kohl's, as well as toy makers Hasbro and Mattel and electronics seller Best Buy all headed lower.

"While we knew this season was going to be challenging, it was even more challenging than we expected," Target's Chief Executive Officer Brian Cornell said of the numbers.

Kohl's, J.C. Penney and Macy's all reported a drop in sales for the holiday period last week as foot traffic in malls dropped.

One standout so far has been membership-only supermarket chain Costco, which recorded a 9% rise in comparable store sales for the 18 weeks ended Jan. 5.

"Target missed expectations because web growth didn't outpace the industry and its online sales in general are lower than the percent that other retailers see from ecommerce," said Sucharita Kodali, retail analyst at Forrester Research.

Target's digital sales during the November-December period grew 19%, down from 2018's 29% rise. Amazon.com Inc has said its sales hit a record in the period, although it has not given actual numbers.

"They (Target) need to do better than that if they want to catch up at all with Amazon," said Jerry Storch, chief executive officer of consultancy Storch Advisors

Target said it now expected its fourth-quarter same-store sales to be in line with the holiday period growth, less than half the 3.8% forecast by sector analysts, according to IBES data from Refinitiv.

The company, which has racked up 10 consecutive quarters of same store sales growth, stuck with its forecast for full-year profit.

By Nivedita Balu

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.68% 2170.22 Delayed Quote.17.45%
BEST BUY CO., INC 0.87% 90.94 Delayed Quote.3.58%
COSTCO WHOLESALE CORPORATION 0.30% 323.02 Delayed Quote.9.90%
HASBRO, INC. 0.27% 97.68 Delayed Quote.-7.51%
MATTEL -1.77% 13.06 Delayed Quote.-3.62%
TARGET CORPORATION -0.37% 117.39 Delayed Quote.-8.10%
UNITED PARCEL SERVICE 0.32% 106.76 Delayed Quote.-8.80%
WALMART INC. -1.63% 117.68 Delayed Quote.0.66%
YUM BRANDS 1.12% 105.19 Delayed Quote.3.28%
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Financials (USD)
Sales 2020 6 273 M
EBIT 2020 1 050 M
Net income 2020 706 M
Debt 2020 3 102 M
Yield 2020 2,88%
P/E ratio 2020 18,9x
P/E ratio 2021 16,7x
EV / Sales2020 2,63x
EV / Sales2021 2,46x
Capitalization 13 367 M
Chart HASBRO, INC.
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Technical analysis trends HASBRO, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 113,50  $
Last Close Price 97,68  $
Spread / Highest target 42,3%
Spread / Average Target 16,2%
Spread / Lowest Target -3,77%
EPS Revisions
Managers
NameTitle
Brian D. Goldner Chairman & Chief Executive Officer
John A. Frascotti President, Chief Operating Officer & Director
Deborah M. Thomas CFO, Principal Accounting Officer & Executive VP
Alan G. Hassenfeld Independent Director
Edward M. Philip Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HASBRO, INC.-7.51%13 367
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BANDAI NAMCO HOLDINGS INC.-8.05%11 707
UBISOFT ENTERTAINMENT21.57%9 518
MATTEL-3.62%4 610
GAMES WORKSHOP GROUP PLC15.97%2 964