Tariff Risk Increases: Analyst Warns Of Additional Impact On Hasbro, Funko, Mattel, E.L.F. Beauty — 'Not Reflected In Estimates'

Numerous public companies have updated their 2025 guidance in response to the Trump administration’s tariffs on China, Mexico and Canada, but additional tariffs on other countries could have significant impacts, DA Davidson analyst Linda Bolton Weiser warned in a new note to clients on Tuesday.

What To Know: President Donald Trump is expected to announce tariffs on potentially trillions of dollars worth of goods imported to the U.S. on Wednesday.

The potential impacts are wide-ranging. Bolton Weiser flagged several names under her coverage umbrella that could be impacted in the Health & Beauty and Leisure space. The analyst noted additional tariffs are “not reflected in estimates.”

• Hasbro Inc (NASDAQ:HAS): Neutral rating; has exposure to Vietnam, India and Japan

• Interparfums Inc (NASDAQ:IPAR): Buy rating; produces in France

• Funko Inc (NASDAQ:FNKO): Buy rating; produces in Vietnam

• Mattel Inc (NASDAQ:MAT): Buy rating; has exposure to Indonesia, Malaysia, Vietnam and Thailand

• Helen of Troy Ltd (NASDAQ:HELE): Neutral rating; produces in Vietnam

• e.l.f. Beauty Inc (NYSE:ELF): Neutral rating; produces in Thailand

• 1-800-FLOWERS.COM Inc (NASDAQ:FLWS): Neutral rating; buys cut flowers from Colombia and Equador

Trump is expected to announce reciprocal tariffs on several countries at a White House event at 4 p.m. ET. The Trump administration has said the tariffs could target specific sectors.

The tariff announcements have created uncertainty across markets with the S&P 500 crossing into correction territory last month. The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.46% at $563.55 at the time of publication Wednesday, according to Benzinga Pro. The SPY is still down about 4% year-to-date and well off its highs from February.

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