Hasbro (NASDAQ:HAS) Given “Neutral” Rating at DA Davidson

Hasbro (NASDAQ:HAS)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $100.00 price target on the stock. DA Davidson’s target price suggests a potential upside of 12.09% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on HAS. Wells Fargo & Company dropped their price target on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley upped their price target on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. BNP Paribas Exane increased their target price on Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, UBS Group boosted their price target on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.64.

Hasbro Stock Up 0.7%

Hasbro stock traded up $0.61 during mid-day trading on Thursday, reaching $89.21. The stock had a trading volume of 1,017,653 shares, compared to its average volume of 1,905,041. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of -37.99, a PEG ratio of 2.84 and a beta of 0.52. The company has a 50-day moving average price of $93.33 and a two-hundred day moving average price of $89.31. Hasbro has a one year low of $64.74 and a one year high of $106.98. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 172.27%. Hasbro’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. On average, analysts expect that Hasbro will post 5.8 EPS for the current fiscal year.

Insider Transactions at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the transaction, the chief executive officer owned 303,310 shares in the company, valued at approximately $30,431,092.30. This represents a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after acquiring an additional 453,038 shares during the period. State Street Corp lifted its stake in Hasbro by 2.1% during the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after acquiring an additional 131,678 shares during the period. AQR Capital Management LLC increased its position in shares of Hasbro by 47.3% during the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after purchasing an additional 1,399,499 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hasbro by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after purchasing an additional 122,592 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after purchasing an additional 651,790 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro delivered a first-quarter earnings and revenue beat, led by strong demand in Wizards of the Coast and digital gaming, especially Magic: The Gathering. Reuters article
• Positive Sentiment: BNP Paribas Exane raised its price target on Hasbro to $117 and kept an Outperform rating, signaling continued analyst confidence. MarketScreener article
• Positive Sentiment: Citigroup lowered its price target modestly but reiterated a Buy rating, suggesting analysts still see meaningful upside. MarketScreener article
• Neutral Sentiment: Hasbro announced a quarterly dividend of $0.70 per share, reinforcing shareholder returns but unlikely to be the main stock driver today.
• Negative Sentiment: Shares were pressured because investors focused on the company’s decision to maintain, rather than raise, full-year guidance after the strong quarter. Boston Globe article
• Negative Sentiment: Hasbro canceled a Dungeons & Dragons game and discussed cybersecurity-related delays, adding near-term uncertainty around product and earnings timing. TipRanks article

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.