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HAS

Hasbro

$86.83

-0.5 (-0.57%)

, MAT

Mattel

$14.68

0.27 (1.87%)

13:57
04/13/18
04/13
13:57
04/13/18
13:57

MGA Entertainment CEO bids $900M to buy Toys "R" Us stores

Isaac Larian, CEO of privately held toy and entertainment company MGA Entertainment, announced earlier this morning that he has put in a formal bid of $675M to buy both the U.S stores as well as $215M to buy the Toys "R" Us stores in Canada. The funds to purchase both the U.S. and Canadian stores will come from Larian's own funds, additional investors and bank financing, the billionaire investor reported. Hasbro (HAS), Mattel (MAT) and JAKKS Pacific (JAKK) are publicly traded toy makers who stand to be impacted by the closures of Toy "R" Us, one of their major customers.

HAS

Hasbro

$86.83

-0.5 (-0.57%)

MAT

Mattel

$14.68

0.27 (1.87%)

JAKK

JAKKS Pacific

$2.20

0.05 (2.33%)

  • 23

    Apr

  • 26

    Apr

HAS Hasbro
$86.83

-0.5 (-0.57%)

03/09/18
LEHM
03/09/18
DOWNGRADE
Target $13
LEHM
Underweight
Barclays downgrades Mattel to Underweight on possible Toys R Us liquidation
Barclays analyst Felicia Hendrix downgraded Mattel (MAT) to Underweight from Equal Weight and cut her price target for the shares to $13 from $16. The analyst maintains an Overweight rating on Hasbro (HAS) while trimming her target for the stock to $100 from $110. Mattel faces downside risk from the potential Toys R Us liquidation, Hendrix tells investors in a research note. The company generates 8% of its sales from Toys R Us and its shares are up 4% since reporting earnings on February 1, the analyst notes. She believes sell-side estimates for both Mattel and Hasbro likely only include the closure of 182 Toys R Us U.S. stores. The analyst finds Hasbro's risk/reward more favorable at current share levels.
03/22/18
KEYB
03/22/18
NO CHANGE
Target $110
KEYB
Overweight
Hasbro shares present 'compelling' long-term buying opportunity, says KeyBanc
KeyBanc analyst Brett Andress believes Hasbro shares at current levels present a "compelling" long-term buying opportunity as Toys R Us headline risk fades and investors begin to look into a catalyst-rich FY19. The analyst reiterates an Overweight rating and $110 price target on the stock.
04/06/18
MKMP
04/06/18
NO CHANGE
Target $96
MKMP
Neutral
Hasbro price target lowered to $96 from $110 at MKM Partners
MKM Partners analyst Eric Handler lowered his price target on Hasbro (HAS) to $96, saying the company's earnings will see a bigger impact from the liquidation of Toys R Us than the previous forecast. The analyst also notes headwinds for the company coming from tight inventory management at mass retailers Wal-Mart (WMT) and Amazon (AMZN). Handler adds that he has broader industry concerns, but sees some mitigating product launches for Hasbro, including a new Nerf brand launch, expanded Baby Alive product lines, continued strength from Marvel, and the possible digital launch of Magic: The Gathering Arena. The analyst keeps his Neutral rating on Hasbro.
04/12/18
RHCO
04/12/18
NO CHANGE
Target $90
RHCO
Hold
Hasbro price target lowered to $90 from $102 at SunTrust
SunTrust analyst Michael Swartz lowered his price target on Hasbro (HAS) to $90 citing the impact from the liquidation of Toys R' Us. Swartz says there are several uncertainties in the unwinding process around its duration and spillover impact on the toy makers, though he generally expects the fallout to be felt by Hasbro for the duration of 2018. Among the peers, the analyst is positive on Funko (FNKO), adding that its guidance range has likely already reflected most of the Toys R' Us business going away.
MAT Mattel
$14.68

0.27 (1.87%)

03/09/18
03/09/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mattel (MAT) downgraded to Underweight from Equal Weight at Barclays, with analyst Felicia Hendrix saying Mattel faces downside risk from the potential Toys R Us liquidation. 2. Himax (HIMX) downgraded to Market Perform from Outperform at Northland and to Neutral from Buy at Nomura Instinet. 3. Ecopetrol (EC) downgraded to Underperform from Hold at Santander. 4. Acacia Communications (ACIA) downgraded to Underweight from Equal Weight at Morgan Stanley, with analyst Meta Marshall saying he thinks Wall Street estimates remain too high for 2019 as he does not see a rebound in Acacia's biggest markets -- namely China and datacomm systems -- being as lucrative as consensus expectations given competition and pricing pressures. 5. Match Group (MTCH) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Peter Stabler saying he believes further share appreciation will need to rely "more squarely on positive revisions rather than multiple expansion." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/18
04/11/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Hold at HSBC with analyst Alevizos Alevizakos saying he sees improved profitability in the near-term, driven by U.S. dollar depreciation and tax reform, re-rating the shares higher. 2. BHP Billiton (BHP) upgraded to Buy from Hold at Deutsche Bank with analyst Liam Fitzpatrick saying the shares offer compelling value at current levels. 3. Mattel (MAT) upgraded to Hold from Underperform at Jefferies with analyst Stephanie Wissink saying the company's near-term risks are largely known and priced into the shares. 4. AeroVironment (AVAV) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi saying he sees the company benefiting from tailwinds including an improving defense budget environment, a heightened global threat environment, and "as strong a pipeline of opportunities" as he has seen in ten years. 5. Helmerich & Payne (HP) upgraded to Market Perform from Underperform at Wells Fargo with analyst Judson Bailey citing strength in the land rig market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/18
JEFF
04/11/18
UPGRADE
Target $13
JEFF
Hold
Mattel upgraded to Hold from Underperform at Jefferies
Jefferies analyst Stephanie Wissink upgraded Mattel to Hold and raised her price target for the shares to $13 from $12. The company's near-term risks are largely known and priced into the shares, Wissink tells investors in a research note. The analyst views the Toys R Us liquidation, a sales recovery pushout and lack of portfolio contribution to value creation as risks to Mattel. She believes, however, that the stock is nearing fair value.
JAKK JAKKS Pacific
$2.20

0.05 (2.33%)

09/21/17
DADA
09/21/17
DOWNGRADE
DADA
Underperform
JAKKS Pacific downgraded after guidance reduction at DA Davidson
As noted earlier, DA Davidson downgraded JAKKS to Underperform from Neutral. Analyst Linda Bolton Weiser downgraded the stock after JAKKS cut its 2017 guidance and said it expects its EBITDA to drop year-over-year.Weiser says that JAKKS' stock probably rose in the wake of the guidance reductions because the company revealed that uninsured payments from Toys R' Us accounted for only 3% of its accounts receivable. However, the analyst noted that she now expects the company's 2017 EBITDA to fall 27% year-over-year, and she thinks that 2H17 consensus estimates could be too high, given Toys R Us' situation. The analyst is not confident about the company's 2018 EBITDA outlook and notes that it has been issuing stock to reduce its debt. Target $2.25.
10/30/17
DADA
10/30/17
UPGRADE
Target $3
DADA
Neutral
JAKKS Pacific upgraded to Neutral at DA Davidson on valuation
As noted earlier, DA Davidson analyst Linda Bolton Weiser upgraded JAKKS Pacific to Neutral from Underperform and raised her price target to $3.00 from $2.25. The analyst says the year-to-date free cash flow exceeded her forecasts, noting improvement in the company's working capital. Given the increased visibility on JAKKS' ability to replay the 2018 converts and the 16% slide in stock price since October 23rd, the analyst is upgrading her rating.
10/30/17
DADA
10/30/17
UPGRADE
DADA
Neutral
JAKKS Pacific upgraded to Neutral from Underperform at DA Davidson
09/21/17
09/21/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hanesbrands (HBI) downgraded to Neutral from Buy at Nomura Instinet with analyst Simeon Siegel citng the stock's rise of over 14% year-to-date. 2. Biogen (BIIB) downgraded to Market Perform from Outperform at Raymond James with analyst Laura Chico citing the latest MS survey feedback that continues to show headwinds to the franchise. 3. Terex (TEX) downgraded to Hold from Buy at Deutsche Bank with analyst Nicole DeBlase citing valuation with the shares up 39% year-to-date. 4. JAKKS Pacific (JAKK) downgraded to Underperform from Neutral at DA Davidson with analyst Linda Bolton Weiser saying it expects its EBITDA to drop year-over-year. 5. USG (USG) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

FNWB

First Northwest Bancorp

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FCX

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XLE

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$74.87

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, XLU

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17:39
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$14.59

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$14.15

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UNG

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0.03 (0.04%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

$0.00

(0.00%)

17:25
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Xerox, Centerview settle matters related to proposed Fuji tie-up »

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$25.10

-0.095 (-0.38%)

FUJIY

Fujifilm

$0.00

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03/08/13
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  • 26

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STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

17:15
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Breaking Hot Stocks news story on StoneMor Partners »

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
07/20/18
07/20
17:11
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17:11
Downgrade
Telefonica rating change at Goldman Sachs »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
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General news
Weekly CFTC Commitment of Traders highlights »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

03/08/13
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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
07/20/18
07/20
17:02
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17:02
Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

17:01
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Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

17:00
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Breaking Hot Stocks news story on ReShape Lifesciences  »

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
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Initiation
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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

16:46
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RVI

Retail Value

$34.56

0.2 (0.58%)

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

16:35
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Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

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LECO

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$92.26

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ROK

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$171.32

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  • 23

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KMX

CarMax

$77.15

-0.57 (-0.73%)

16:33
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Hot Stocks
CarMax chairman sells 37,500 common shares »

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

16:31
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Lowe's names Joseph McFarland as EVP of stores »

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16:30
07/20/18
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Options
Preliminary option volume of 20.2M today »

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PFE

Pfizer

$37.33

-0.03 (-0.08%)

16:26
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  • 22

    Aug

  • 10

    Sep

JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

16:23
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Hot Stocks
J.C. Penney chief customer officer McFarland to leave company »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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16:20
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Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

16:18
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Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
16:17
07/20/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/20/18
07/20
16:16
07/20/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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DIS

Disney

16:15
07/20/18
07/20
16:15
07/20/18
16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

Disney has fired James…

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  • 07

    Aug

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