Hasbro Set For Stellar Performance With New Strategies, Cost Savings: JPMorgan
Hasbro Set For Stellar Performance With New Strategies, Cost Savings: JPMorgan
Hasbro Inc (NASDAQ:HAS), the iconic toy and game company, got an upgrade from JPMorgan on Thursday.
标志性的玩具和游戏公司孩之宝公司（纳斯达克股票代码：HAS）周四获得了摩根大通的升级。
Following insightful meetings with Hasbro's CEO Chris Cox and CFO Gina Goetter at JPM's 52nd Annual TMC Conference, analyst Christopher Horvers, CFA has upgraded Hasbro from Neutral to Overweight. He also raised the price target from $61 to $74, that's over 20% upside from current price levels.
在摩根大通第52届年度TMC会议上与孩之宝首席执行官克里斯·考克斯和首席财务官吉娜·戈特分析师克里斯托弗·霍弗斯进行了富有洞察力的会晤后，CFA已将孩之宝从中性上调为增持。他还将目标股价从61美元上调至74美元，比目前的价格水平上涨了20％以上。
Here's why he says Hasbro will achieve stellar performance in the coming months.
这就是他说孩之宝将在未来几个月内取得出色表现的原因。
Superior Cost Efficiency, Capitalizing On Industry Trends
卓越的成本效率，利用行业趋势
Horvers believes that the consensus forecasts for Hasbro's cost efficiency and digital gaming revenue are too conservative. He expects these areas to ramp up significantly in the second half of 2024 and into 2025.
霍弗斯认为，对孩之宝成本效率和数字游戏收入的共识预测过于保守。他预计，这些领域将在2024年下半年和2025年大幅增加。
This confidence is based on his assessments and discussions at the conference, suggesting that Hasbro's strategic moves in cost management and digital gaming will outperform market expectations.
这种信心基于他在会议上的评估和讨论，这表明孩之宝在成本管理和数字游戏方面的战略举措将超过市场预期。
Hasbro expects its $750 million cost-saving program to fully materialize by the end of 2025, boosting profitability.
孩之宝预计，到2025年底，其7.5亿美元的成本节约计划将全面实现，从而提高盈利能力。
Moreover, despite some moderation in point-of-sale trends, JPMorgan sees the toy industry growing this year.Retail giants like Walmart Inc (NYSE:WMT) and Target Corp (NYSE:TGT) are pivoting towards event-driven traffic, with toys being a key attraction. Hasbro can capitalize on this shift, especially with cleaner industry inventories and strong product placements, the analyst says..
此外，尽管销售点趋势有所放缓，但摩根大通认为今年玩具行业将增长。沃尔玛公司（纽约证券交易所代码：WMT）和塔吉特公司（纽约证券交易所代码：TGT）等零售巨头正在转向活动驱动的流量，其中玩具是主要吸引力。分析师表示，孩之宝可以利用这种转变，尤其是在清洁行业库存和强劲的产品投放的情况下。
Also Read: Is Hasbro Outperforming Other Consumer Discretionary Stocks This Year?
另请阅读：孩之宝今年的表现是否优于其他非必需消费品股？
Strategic Product Shifts and Innovations
战略产品转变和创新
Hasbro will benefit from shifting its Transformers franchise to the third quarter and early wins from enhanced merchandising under new management. This strategic timing, combined with innovations across various toy lines, will drive strong performance in the latter half of 2024, according to Horvers.
孩之宝将受益于将其变形金刚系列转移到第三季度，以及在新管理层领导下加强销售所带来的早期胜利。霍弗斯表示，这一战略时机，加上各种玩具系列的创新，将推动2024年下半年的强劲表现。
Additionally, Hasbro anticipates its innovative products, including those from the "Magic: The Gathering" universe and new digital gaming initiatives, to contribute significantly to the top line.
此外，孩之宝预计，其创新产品，包括来自 “万智牌：The Gathering” 领域的产品和新的数字游戏计划，将为收入做出重大贡献。
Horvers' upgraded price target reflects his bullish outlook, based on a 12x EV/EBITDA multiple, which aligns with Hasbro's historical averages.
霍弗斯上调的目标股价反映了他的看涨前景，其基础是12倍的EV/EBITDA倍数，与孩之宝的历史平均水平一致。
With Hasbro's strategic initiatives and industry positioning, there's potential for the stock to exceed this target, making it an exciting play for investors.
凭借孩之宝的战略举措和行业定位，该股有可能超过这一目标，这对投资者来说是一场激动人心的交易。
HAS Price Action: On Wednesday, Hasbro stock closed at $60.33, down 3.44%. However, it was up 3.6% premarket at the time of publication Thursday.
HAS价格走势：周三，孩之宝股价收于60.33美元，下跌3.44％。但是，在周四发布时，它在盘前上涨了3.6％。
Photo: Shutterstock
照片：Shutterstock