2023-04-14 09:00:00 ET
Hasbro (NASDAQ: HAS) owns an iconic brand portfolio, but the business hasn't been performing all that well of late. In some ways, the weak revenue and earnings trends make sense, with investors reacting by pushing the stock down roughly 35% over the past year. With the dividend yield up to 5.3% or so, should income-focused investors be jumping in?
Hasbro is one of the world's largest toy makers, with brands like Play-Doh, Nerf, Monopoly, My Little Pony, Transformers, Magic: The Gathering, and Dungeons & Dragons, among many others. In addition to these owned properties, it also licenses brands from others, including Disney 's massive Marvel and Star Wars franchises. That's a pretty strong base from which to build a toy business.
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Stock Market Sell-Off: Is Hasbro a Buy?