4. Hasbro (HAS) makes toys and operates a kids-focused television channel.
The company preannounced fourth-quarter results. It will provide further detail and disclosure on Feb. 7. Goldman lowered its 2010, 2011 and 2012 earnings per share estimates in reaction to the announcement. It also lowered its price target $3 to $59, still predicting an attractive return of 33% in Hasbro shares. Hasbro missed Goldman's quarterly sales estimate, but the bank is still bullish as it feels that Hasbro has entered a "sweet spot with respect to its entertainment-driven strategy." Hasbro recently launched The Hub television channel and ratings have widely exceeded analysts' initial expectations.
Other analysts are also bullish on Hasbro, with 65% advising clients to purchase shares and 35% saying to hold. Piper Jaffray echoes Goldman's Street-high target of $59. Goldman expects earnings to accelerate during the second quarter, but it expects near-term weakness, resulting from an inventory overhang and a weaker-than-anticipated holiday season, which will likely be evident in first-quarter earnings.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV