Following this transaction, Edward retains ownership of 36,828 shares. The sale was executed as a direct transaction, indicating that it was conducted by Edward himself rather than through an intermediary. This transaction is part of the routine disclosures required for company executives, providing transparency to investors regarding insider activities. Notably, Hasbro has maintained dividend payments for 44 consecutive years, demonstrating strong shareholder commitment. InvestingPro subscribers can access additional insights, including 7 more ProTips and a comprehensive analysis of Hasbro's financial health, which is currently rated as 'FAIR'. Notably, Hasbro has maintained dividend payments for 44 consecutive years, demonstrating strong shareholder commitment. InvestingPro subscribers can access additional insights, including 7 more ProTips and a comprehensive analysis of Hasbro's financial health, which is currently rated as 'FAIR'.
Following this transaction, Edward retains ownership of 36,828 shares. The sale was executed as a direct transaction, indicating that it was conducted by Edward himself rather than through an intermediary. This transaction is part of the routine disclosures required for company executives, providing transparency to investors regarding insider activities.
In other recent news, Hasbro Inc (NASDAQ:HAS). reported a decline in its third-quarter revenue for 2024, with earnings amounting to $1.3 billion, a 15% decrease from the previous year. This decline was primarily due to the divestiture of Entertainment One. Despite this, Hasbro saw its operating profit margin expand for the third consecutive quarter, largely driven by growth in games and licensing. Standout performers included Magic: The Gathering, Dungeons & Dragons, and licensing revenue from Monopoly Go!
Stifel reported a significant increase in short interest for toy manufacturers Hasbro and Mattel (NASDAQ:MAT), with increases of 22% and 14% respectively. Hasbro also collaborated with Nike (NYSE:NKE) on a Monopoly edition themed around Lebron James. In terms of future outlook, Hasbro lowered its full-year revenue guidance for the Consumer Products segment but anticipates significant profit growth. The company is targeting $750 million in cost savings by 2025, with $240 million already achieved this year.
Citi maintained its Neutral rating on Hasbro, despite a 6% drop in the company's shares and weaker-than-expected sales trends as the holiday season approaches. The firm's stance remained unchanged due to the mixed financial results, balancing strong performance in certain segments against underwhelming consumer product sales. These are the recent developments for Hasbro.
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