Hasbro, Inc. (NASDAQ:HAS) Receives $113.14 Average Price Target from Analysts

Hasbro, Inc. (NASDAQ:HAS) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $113.6429.

Several equities research analysts recently commented on HAS shares. Roth Mkm set a $120.00 target price on Hasbro in a report on Wednesday, February 11th. Citigroup dropped their target price on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group boosted their target price on Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Argus set a $105.00 target price on Hasbro in a report on Friday, March 13th. Finally, The Goldman Sachs Group boosted their target price on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $88.10 on Friday. Hasbro has a 12 month low of $64.74 and a 12 month high of $106.98. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of -53.07, a PEG ratio of 2.52 and a beta of 0.52. The stock’s 50 day moving average price is $93.11 and its 200 day moving average price is $89.40. 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 earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Hasbro will post 5.92 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.2%. Hasbro’s payout ratio is presently -168.67%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kentucky Retirement Systems bought a new position in shares of Hasbro in the first quarter valued at $892,000. Oddo BHF Asset Management Sas increased its holdings in shares of Hasbro by 3.0% in the first quarter. Oddo BHF Asset Management Sas now owns 14,519 shares of the company’s stock valued at $1,359,000 after buying an additional 428 shares in the last quarter. Bull Harbor Capital LLC bought a new position in shares of Hasbro in the first quarter valued at $986,000. Smith Group Asset Management LLC increased its holdings in shares of Hasbro by 7.2% in the first quarter. Smith Group Asset Management LLC now owns 545,638 shares of the company’s stock valued at $51,072,000 after buying an additional 36,852 shares in the last quarter. Finally, Opal Capital LLC bought a new position in shares of Hasbro in the first quarter valued at $612,000. Institutional investors own 91.83% of the company’s stock.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro beat Q1 expectations with EPS of $1.47 versus $1.20 expected, and revenue of about $1.0 billion topped estimates, helped by strength in Wizards of the Coast and Magic: The Gathering. Hasbro finds a star revenue player in Magic: The Gathering
• Positive Sentiment: Several analysts reiterated constructive views after the report, including BNP Paribas Exane raising its price target to $117 and DA Davidson reaffirming a neutral rating with a $100 target, signaling continued upside expectations. BNP Paribas adjusts price target on Hasbro to 117 from 115
• Positive Sentiment: Hasbro continues to expand its brand pipeline with new licensing and entertainment tie-ins, including a Formula 1 Monopoly edition and new Marvel Legends exclusives, which could support future revenue growth. F1 gets its own Monopoly game in new Hasbro partnership
• Neutral Sentiment: Management said MTG Arena does not reflect how most players engage with Magic, highlighting the company’s effort to frame digital performance in context rather than as the sole growth driver. Hasbro claims MTG Arena doesn’t represent the way most players engage with Magic
• Neutral Sentiment: Hasbro announced a quarterly dividend of $0.70 per share, which may support income-focused investors but is not the main driver of the stock’s recent move. Hasbro stock page
• Negative Sentiment: The stock is under pressure because management maintained a cautious full-year outlook and pointed to cyberattack-related invoicing delays that could make cash flow uneven in coming quarters. Hasbro shares tumble after sales guidance disappoints
• Negative Sentiment: Investor sentiment also took a hit from reports that Hasbro and Wizards of the Coast have been discouraging unionization efforts, adding governance and labor-related overhang. 3 years on from laying off over 1,000 people, Hasbro and Wizards of the Coast are sending daily emails and physical letters encouraging the survivors to not unionise

Hasbro Company Profile

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.