Hasbro, Inc. (NASDAQ:HAS) Stock Has Average Price Target of $114.93 According to Brokerages

Hasbro, Inc. (NASDAQ:HAS) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $114.93.

HAS has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Hasbro from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. UBS Group lifted their target price on shares of Hasbro from $120.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Bank of America dropped their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Wall Street Zen raised Hasbro from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Finally, Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd.

Insider Transactions at Hasbro

In related news, CFO Gina Goetter sold 7,262 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $118.99, for a total transaction of $864,105.38. Following the sale, the chief financial officer directly owned 72,577 shares of the company’s stock, valued at approximately $8,635,937.23. This represents a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Holly Barbacovi sold 5,057 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $94.20, for a total transaction of $476,369.40. Following the sale, the insider owned 37,486 shares of the company’s stock, valued at approximately $3,531,181.20. This represents a 11.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd raised its holdings in Hasbro by 12.2% in the 3rd quarter. Covestor Ltd now owns 903 shares of the company’s stock worth $79,000 after acquiring an additional 98 shares during the last quarter. Mather Group LLC. boosted its stake in Hasbro by 19.9% during the 3rd quarter. Mather Group LLC. now owns 704 shares of the company’s stock valued at $62,000 after purchasing an additional 117 shares during the last quarter. Marathon Mission Inc. boosted its stake in Hasbro by 1.4% during the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after purchasing an additional 128 shares during the last quarter. Tema ETFs LLC increased its holdings in shares of Hasbro by 7.1% in the 2nd quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock worth $180,000 after purchasing an additional 145 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Hasbro by 55.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 428 shares of the company’s stock worth $38,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Zacks added Hasbro to its Rank #1 (Strong Buy) growth-stock list, citing improving earnings estimates and growth opportunities. The recommendation adds to recent favorable commentary on the stock’s momentum. Best Growth Stocks to Buy for November 9th
• Positive Sentiment: Hasbro promoted gaming veteran Dan Ayoub to president of Wizards of the Coast. The leadership appointment may support execution and growth at a key gaming business, though the article does not detail expected financial effects. Hasbro promotes gaming veteran to president of Wizards of the Coast
• Positive Sentiment: Hasbro is bringing the “Heated Rivalry” property to Monopoly, extending the board game through an entertainment tie-in that could create new licensing and product opportunities. Hasbro Brings ‘Heated Rivalry’ to Monopoly
• Positive Sentiment: A partnership between Dynamic Creatures and Sixth Wall Studio will use robots to bring Hasbro characters to life, offering another potential avenue for brand engagement and licensing. The financial impact is not yet clear. Dynamic Creatures partners with Sixth Wall Studio to bring Hasbro characters to life with robots
• Negative Sentiment: Workers at Wizards of the Coast are pushing back on comments by Hasbro’s CEO that they characterize as anti-union. The dispute could create reputational or labor-relations concerns, although the report does not indicate a direct financial effect. MTG and D&D workers hit back on Hasbro CEO’s “anti-union comments”

Hasbro Stock Performance

Shares of HAS stock opened at $121.82 on Friday. The company’s fifty day moving average price is $99.87 and its 200-day moving average price is $93.52. The stock has a market cap of $17.04 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.36. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79. Hasbro has a 12 month low of $74.78 and a 12 month high of $124.00.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $1.04. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $1.68 EPS. Hasbro’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts expect that Hasbro will post 6.85 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Hasbro’s payout ratio is currently 41.85%.

Hasbro Company Profile

Hasbro, Inc. is a global play and entertainment company that develops and sells toys, games and digital experiences, and licenses its brands for consumer products and entertainment. Its portfolio includes Transformers, Play-Doh, Nerf, Monopoly, My Little Pony, Magic: The Gathering and Dungeons & Dragons. Founded in 1923 as Hassenfeld Brothers, the company began as a family business before expanding into toys and games. Hasbro serves consumers in markets around the world through its products, licensing partnerships and digital offerings.