- HAS -4.07%
We recently published 10 Stocks Delivering Massive Returns. Hasbro Inc. (NASDAQ:HAS) was one of the best performers on Tuesday.
Hasbro rallied to a new six-year high on Tuesday, as investors took heart from an investment firm’s “buy” recommendation for its stock despite a dismal earnings performance last year.
In its market report, Roth MKM reaffirmed its “buy” on shares of Hasbro Inc. (NASDAQ:HAS), alongside a price target of $105.
Meanwhile, the stock soared to its highest price of $105.35 at intra-day trading before trimming gains to end the day just up by 7.48 percent at $104 apiece.
Hasbro Inc. (NASDAQ:HAS) announced on Tuesday that it swung to an attributable net loss of $322.4 million from a $385.6 million net income in 2024, despite net revenues jumping by 14.6 percent to $4.7 billion from $4.1 billion year-on-year.
In the fourth quarter alone, the company incurred a $201.6 million attributable net income, reversing a $34.3 million net loss in the same comparable period. Net revenues jumped by 31 percent to $1.4 billion from $1.1 billion.
Looking ahead, Hasbro Inc. (NASDAQ:HAS) remains upbeat about its outlook for 2026, with revenues expected to grow by 3 to 5 percent. Adjusted EBITDA is pegged at $1.4 billion to $1.45 billion.
Earnings aside, Hasbro Inc. (NASDAQ:HAS) announced the distribution of a $0.70 cash dividend to all common shareholders as of February 18, payable on March 4, 2026.
Hasbro Hits 6-Year High on 'Buy' Reco It is also planning to repurchase $1 billion worth of its shares in a bid to boost shareholder value.
While we acknowledge the potential of HAS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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