Brokerages Set Hasbro, Inc. (NASDAQ:HAS) Target Price at $113.14

Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $112.2143.

Several research firms have recently issued reports on HAS. Bank of America upped their price target on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Citigroup reduced their price objective on shares of Hasbro from $114.00 to $101.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd.

Hedge Funds Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted 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 purchasing an additional 453,038 shares during the period. State Street Corp lifted its holdings in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares during the period. Geode Capital Management LLC increased its position in Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after acquiring an additional 122,592 shares during the period. Finally, Bank of America Corp DE raised its stake in 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. 91.83% of the stock is currently owned by institutional investors.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro unveiled Blooms by Play-Doh, a new adult-focused product line that expands the iconic brand beyond kids’ toys and could open a fresh revenue stream. Hasbro Introduces Blooms by Play-Doh, A New Creative Experience Designed for Adults
• Positive Sentiment: Hasbro also highlighted a Transformers crossover strategy, including a first-of-its-kind multipack and a Transformers x Scooby-Doo figure, reinforcing its ability to monetize beloved brands through new collectibles and fan-driven products. Hasbro Reveals a First-of-Its-Kind Transformers Multipack [EXCLUSIVE]
• Neutral Sentiment: Hasbro continues to lean into its “aging up” strategy, using influencers and adult-oriented branding to broaden Play-Doh’s appeal; the concept is promising, but execution risk remains after an earlier adult Play-Doh effort fell short. Hasbro’s ‘Aging Up’ Strategy Continues With a Reattempt at Adult Play-Doh
• Neutral Sentiment: Citigroup lowered its price target on Hasbro (HAS) to $101 from $114, but maintained a Buy rating, signaling confidence in upside even after the cut. Benzinga

Hasbro Price Performance

HAS stock opened at $78.96 on Monday. The firm has a market cap of $11.17 billion, a PE ratio of -47.57, a PEG ratio of 1.92 and a beta of 0.49. Hasbro has a 1 year low of $69.50 and a 1 year high of $106.98. The company has a fifty day simple moving average of $86.62 and a 200 day simple moving average of $90.31. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. During the same period in the prior year, the business posted $1.04 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts anticipate that Hasbro will post 6.03 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio is -168.67%.

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.