Some cautious commentary from Needham & Company this morning could put a lid on shares of toymaker Hasbro (HAS).
The firm lowered the rating on Hasbro to a hold, stating “In addition to industry-wide concerns (detailed in a separate note, and summarized herein), we also note that Hasbro is vulnerable to slow sales of games, girls’ toys and preschool toys, whereas boys’ toys have generally been stronger. We maintain our EPS estimates but believe the potential for negative surprise has been rising.”
Hasbro shares are up 21% YTD.
The Bottom Line
Shares of Hasbro (HAS) have a 3.72% dividend yield, based on last night’s closing stock price of $38.68. The stock has technical support in the $35-$36 price area. If the shares can firm up, we see overhead resistance around the $40-$41 price levels.
Hasbro (HAS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.