Hasbro Q4 sales, earnings may miss consensus, says Needham Needham said its channel checks throughout the holidays indicated U.S. retail toy sales were weak and retail inventories could be higher than desired. The firm said it would not be surprised to see Hasbro's sales and earnings for Q4 come in below consensus. Needham remains cautious on the stock with a Hold rating, thinking the company's results could remain weak in the first half of 2013.
Hasbro downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Hasbro to Neutral saying shares are trading at peak multiples. Piper views the stock as fairly valued based on current expectations following the company's Q2 results. It raised its price target for shares to $85 from $79.
Hasbro reports Q2 Boys revenue up 1% to $340.4M Q2 Boys revenue driven by gains in nerf brands, as well as shipments in support of Jurassic World and growth in Marvel and Star Wars products. Reports Q2 Girls revenue down 22% to $127.5M, with Furby the leading driver of the decline. Reports Q2 Games revenue down 6% to $211.6M. Reports Q2 Preschool revenue up 14% to $118.1M.