Hasbro (NASDAQ:HAS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hasbro (NASDAQ:HAS) had its price target raised by equities researchers at Morgan Stanley from $119.00 to $122.00 in a note issued to investors on Thursday, MarketBeat reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 26.16% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Roth Mkm set a $120.00 price target on Hasbro in a research note on Wednesday, February 11th. Wolfe Research lifted their price target on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Citigroup lifted their price target on Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company assumed coverage on Hasbro in a research note on Wednesday, March 11th. They issued an “equal weight” rating and a $98.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.79.

Hasbro Price Performance

NASDAQ:HAS traded up $0.13 during mid-day trading on Thursday, reaching $96.71. 81,872 shares of the stock were exchanged, compared to its average volume of 1,892,917. The business has a fifty day moving average price of $94.76 and a 200 day moving average price of $86.77. The firm has a market capitalization of $13.69 billion, a PE ratio of -41.15 and a beta of 0.55. Hasbro has a 1-year low of $59.85 and a 1-year high of $106.98. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.Hasbro’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Research analysts expect that Hasbro will post 5.66 earnings per share for the current fiscal year.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 7,773 shares of Hasbro stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares in the company, valued at $3,762,384. The trade was a 17.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This represents a 15.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 413,342 shares of company stock valued at $42,241,679 in the last quarter. Corporate insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank lifted its position in Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after purchasing an additional 114 shares during the period. Personal CFO Solutions LLC increased its holdings in Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after buying an additional 137 shares during the period. Signaturefd LLC raised its stake in shares of Hasbro by 6.4% in the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after buying an additional 137 shares in the last quarter. Severin Investments LLC raised its stake in shares of Hasbro by 3.1% in the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after buying an additional 137 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the period. 91.83% of the stock is currently owned by institutional investors.

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.