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Hasbro CEO Tells Cramer Toys R Us 'Disruption' Is Over
Tuesday, February 12, 2019 - 5:40pm | 417Toymaker Hasbro, Inc. (NASDAQ: HAS) reported Friday with fourth-quarter results that were negatively impacted by the Toys R Us liquidation. During the quarter, net revenue fell 13 percent from last year to $1.39 billion, while full-year revenue fell 12 percent from $4.58 billion. What...
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Funko CEO Discusses 'Fortnite' Toys With Cramer
Monday, November 12, 2018 - 5:37pm | 373Toymaker Funko Inc (NASDAQ: FNKO), best known for making vinyl figurines and bobbleheads, has a competitive advantage over its peers with its direct exposure to the popular online game "Fortnite," according to company CEO Brian Mariotti. What Happened Funko's partnership to make toys...
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Party City Pop-Up Toy Stores Could Help Toymakers Stung By Toys 'R' Us Closures
Monday, June 25, 2018 - 3:05pm | 412Party City Holdco Inc (NYSE: PRTY) announced Monday it will open about 50 pop-up toy stores for the holidays to seize the market Toys 'R' Us abandoned. The Street responded to late reports with a 2-percent stock pop, but one analyst said Party City’s foray into toys wasn’t...
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Toys 'R' Us Closures Hurt Hasbro, But There's One 'Point Of Comfort'
Monday, April 23, 2018 - 1:22pm | 388Hasbro, Inc. (NASDAQ: HAS) traded notably lower Monday morning in reaction to a disappointing Q1 earnings report, but by the afternoon was trading in positive territory. What Happened Hasbro reported ahead of Monday's open a "terrible" earnings report, Bloomberg's Abigail...
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Assessing The Toys 'R' Us Liquidation's Impact On Hasbro, Mattel And JAKKS
Sunday, March 25, 2018 - 4:20pm | 434While it didn’t come as a surprise, the Toys R Us bankruptcy was sent toy manufacturers scrambling to recoup potentially significant losses after it was announced that the company will close all of its stores. Earlier this month, BMO Capital Markets analyst Gerrick Johnson told Benzinga that...
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Hasbro Vs. Mattel: In A Tough Retail Environment, Which Toymaker Is Stronger?
Thursday, December 21, 2017 - 5:06pm | 609Are investors who want exposure to toymakers better off with Mattel, Inc. (NASDAQ: MAT) or Hasbro, Inc. (NASDAQ: HAS)? The Analyst B. Riley FBR's Susan Anderson initiated coverage of Mattel's stock with a Neutral rating and $15 price target. The analyst also initiated coverage...
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What Toys R Us Store Closures Could Mean For Mattel, Hasbro
Thursday, December 21, 2017 - 2:09pm | 474Toy investors have plenty of reasons to be nervous about their investments, including a reduction in store footprints, mostly from Toys R Us closures. The Analyst UBS' Arpine Kocharyan. The Thesis Toy investors continue to face significant uncertainty as Toys R Us has consistently been an...
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Mattel's Bad Holiday Guidance Plunges Credit Rating To 'Junk'
Tuesday, December 12, 2017 - 4:50pm | 400Struggling toymaker Mattel, Inc. (NASDAQ: MAT) was dealt another blow with credit downgrades from S&P Global and Moody's. The Analyst Jefferies' Stephanie Wissink maintains a Hold rating on Mattel's stock with an unchanged $14 price target. The Thesis S&P's downgrade of...
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There's Rationale For A Hasbro And Mattel Deal
Monday, November 13, 2017 - 9:17am | 374Struggling toymaker Mattel, Inc. (NASDAQ: MAT) is in talks to sell itself to larger rival Hasbro, Inc. (NASDAQ: HAS), The Wall Street Journal reported on Friday. The Analyst UBS analyst Arpine Kocharyan maintains a Neutral rating and $104 price target on Hasbro's stock and a Buy rating and $...
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Toy Stocks Mostly Lower After Toys 'R' Us Confirms Bankruptcy
Tuesday, September 19, 2017 - 9:25am | 497Toy stocks were hard hit last week after reports suggested that the toy-retail giant Toys "R" Us was close to potentially filing for bankruptcy. By Tuesday morning, the company's deceleration of bankrupt was made official, The Washington Post and other media outlets reported. Toys "R" Us filed for...
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Lego To Cut Jobs As First Half-Yearly Sales Decline In A Decade Rattles The Danish Toymaker
Tuesday, September 5, 2017 - 10:03am | 353Even as Hasbro, Inc. (NASDAQ: HAS) and Mattel, Inc. (NASDAQ: MAT) made some progress in their respective recent second quarters, all isn't well in the toy space. Denmark-based privately-held Lego, which was touted as one of the reasons for the underperformance by the U.S. toymakers, announced...
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After 5 Years, Mattel's Top Line Returns To Growth; Q4 Guided Higher Than Average
Friday, July 28, 2017 - 1:24pm | 386Mattel, Inc. (NASDAQ: MAT)'s stock hit a multi-year low of $19.16 on Friday after the company's earnings report disappointed investors. But not all analysts on the Street are ready to throw in the towel just yet, including UBS's Arpine Kocharyan, who maintains a Buy rating and $26 price target on...
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3 'Left For Dead' Stocks That Have A Lot Of Life Left, According To Jim Cramer
Wednesday, July 26, 2017 - 10:31am | 429Earnings season can be brutal for stocks, especially for high-quality names that report a single bad quarter, Jim Cramer said during his daily "Mad Money" show Tuesday. 3M 3M Co (NYSE: MMM) lost about 5 percent Tuesday and settled below the $200 per share mark -- a notable decline for a...
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Argus Makes A Play Date With Hasbro, Initiates At Buy
Friday, June 16, 2017 - 11:13am | 389Analysts at Argus initiated coverage of toymaker Hasbro, Inc. (NASDAQ: HAS) on Friday with a Buy rating and $128 price target. Hasbro's stock has benefited from six consecutive quarters of encouraging results, partly due to the company's strong product development efforts, Argus' John Staszak noted...
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Argus Downgrades Mattel As Top-Line Concerns Mount
Friday, April 28, 2017 - 10:25am | 406Argus' John Staszak downgraded shares of toymaker Mattel, Inc. (NASDAQ: MAT) from Buy to Hold as the analyst believes the company's first-quarter earnings report signals that a turnaround will take "at least several quarters." Staszak stated in his downgrade report that he is concerned with Mattel'...