Shares of Hasbro, Inc. (NASDAQ:HAS – Get Free Report) have earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $113.6429.
HAS has been the topic of several recent analyst reports. BNP Paribas Exane lifted their price objective on shares of Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Thursday. Argus set a $105.00 price objective on shares of Hasbro in a research note on Friday, March 13th. Wolfe Research lifted their price objective on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. The Goldman Sachs Group raised their target price on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their target price on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Thursday.
Read Our Latest Stock Analysis on Hasbro
Key Headlines Impacting Hasbro
- Positive Sentiment: Hasbro reported Q1 EPS of $1.47 and revenue of about $1.0 billion, both above Wall Street expectations, with strength coming from Wizards of the Coast and digital gaming, especially Magic: The Gathering. Reuters article
- Positive Sentiment: Analysts remain constructive overall, with BNP Paribas Exane raising its price target to $117 and DA Davidson maintaining a neutral rating with a $100 target, suggesting upside from current levels. BNP Paribas article
- Positive Sentiment: Hasbro also announced new product and licensing initiatives, including Monopoly Formula 1 Edition and new Marvel Legends exclusives, which support its franchise pipeline and brand visibility. Formula 1 partnership article
- Neutral Sentiment: Hasbro held its full-year revenue growth and adjusted EBITDA outlook steady, which reassured some investors but did not provide a new catalyst after the earnings release. U.S. News article
- Negative Sentiment: Management warned that cash flow may be lumpy because a March cyberattack delayed invoicing, adding uncertainty around near-term collections and working capital. Boston Business Journal article
- Negative Sentiment: Investor sentiment was also hurt by the company’s decision to cancel a Dungeons & Dragons game and by reports that Hasbro’s shares fell after management chose not to raise full-year guidance, overshadowing the earnings beat. IGN article
Insider Buying and Selling
In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.71% of the company’s stock.
Institutional Trading of Hasbro
Several hedge funds have recently bought and sold shares of the stock. Kentucky Retirement Systems acquired a new stake in Hasbro during the 1st quarter worth approximately $892,000. Oddo BHF Asset Management Sas raised its holdings in Hasbro by 3.0% during the 1st quarter. Oddo BHF Asset Management Sas now owns 14,519 shares of the company’s stock worth $1,359,000 after buying an additional 428 shares during the period. Bull Harbor Capital LLC acquired a new stake in Hasbro during the 1st quarter worth approximately $986,000. Smith Group Asset Management LLC raised its holdings in Hasbro by 7.2% during the 1st quarter. Smith Group Asset Management LLC now owns 545,638 shares of the company’s stock worth $51,072,000 after buying an additional 36,852 shares during the period. Finally, Opal Capital LLC acquired a new stake in Hasbro during the 1st quarter worth approximately $612,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.
Hasbro Stock Up 1.7%
Hasbro stock opened at $90.08 on Friday. The company’s 50 day simple moving average is $93.23 and its 200 day simple moving average is $89.41. Hasbro has a fifty-two week low of $64.74 and a fifty-two week high of $106.98. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of -54.27, a PEG ratio of 2.59 and a beta of 0.52. 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 – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the firm earned $1.04 EPS. Hasbro’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro will post 5.8 EPS for the current year.
Hasbro Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is -119.15%.
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.
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