HAS - Is Hasbro a Buy Ahead of the 2019 Holiday Shopping Season?
After a few rough years for toymaker Hasbro (NASDAQ: HAS) -- including a big drop in stock price in 2018 partially caused by lost sales from the Toys R Us bankruptcy -- shares have rallied big this year and are up to near all-time highs.
Hasbro has been making efforts to evolve with changing consumer tastes, and the stock price is reflecting that. It also means that shares don't come cheap at the moment. The stock is currently sporting a trailing-12-month price-to-earnings ratio of 49.5.
However, valuation is only part of the story. Ahead of the all-important holiday shopping season, Hasbro is worth a serious look.