Hasbro (NASDAQ:HAS) Reaches New 1-Year High – Still a Buy?

Hasbro, Inc. (NASDAQ:HAS)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $124.18 and last traded at $124.0690, with a volume of 547,493 shares changing hands. The stock had previously closed at $121.82.

Top Hasbro Stories

Investors following HAS have been watching these stories:

• Positive Sentiment: Zacks Research raised several earnings forecasts, including its FY2027 estimate to $6.91 per share from $6.53 and FY2028 estimate to $7.63 from $7.08, and maintains a “Strong Buy” rating. The revisions suggest improving expectations for future earnings, although they are analyst estimates, not company guidance. MarketBeat analyst estimate updates
• Positive Sentiment: Hasbro is adding the “Heated Rivalry” theme to Monopoly, an additional licensing tie-in that could help refresh the familiar game for consumers. License Global article on Monopoly
• Neutral Sentiment: Hasbro promoted gaming veteran Dan Ayoub to president of Wizards of the Coast. The leadership change may matter to the performance of a key gaming business, but the report does not detail expected financial effects. Puget Sound Business Journal article on the promotion

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group decreased their target price on Hasbro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. reduced their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen raised Hasbro from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Finally, Argus raised their price objective on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $114.93.

Hasbro Stock Up 1.6%

The stock has a market capitalization of $17.30 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.53 and a beta of 0.36. The company’s 50-day moving average price is $99.87 and its 200 day moving average price is $93.52. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.24 and a current ratio of 1.40.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share 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 the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. Hasbro’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts expect that Hasbro, Inc. will post 6.85 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed 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 is Wednesday, November 18th. Hasbro’s payout ratio is presently 41.85%.

Insider Transactions at Hasbro

In related news, CFO Gina M. Goetter sold 7,262 shares of Hasbro stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $118.99, for a total transaction of $864,105.38. Following the sale, the chief financial officer owned 72,577 shares of the company’s stock, valued at approximately $8,635,937.23. This trade represents a 9.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Holly Barbacovi sold 5,057 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the completion of the transaction, the insider directly owned 37,486 shares in the company, valued at approximately $3,531,181.20. This represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new position in shares of Hasbro during the third quarter worth $4,886,000. Private Wealth Asset Management LLC purchased a new position in shares of Hasbro during the third quarter valued at about $475,000. Private Advisor Group LLC increased its holdings in shares of Hasbro by 48.7% in the third quarter. Private Advisor Group LLC now owns 5,073 shares of the company’s stock worth $445,000 after purchasing an additional 1,661 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Hasbro by 8.7% in the third quarter. Ieq Capital LLC now owns 149,760 shares of the company’s stock worth $13,131,000 after purchasing an additional 12,042 shares during the last quarter. Finally, Focus Advisor Solutions LLC lifted its position in shares of Hasbro by 34.0% in the third quarter. Focus Advisor Solutions LLC now owns 12,298 shares of the company’s stock worth $1,078,000 after buying an additional 3,122 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

About Hasbro

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.