Hasbro, Inc. (NASDAQ:HAS) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Hasbro, Inc. (NASDAQ:HAS) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $109.50.

A number of brokerages have recently issued reports on HAS. Argus lifted their price target on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group reduced their price objective on Hasbro from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Wells Fargo & Company raised their price objective on Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. Jefferies Financial Group lowered their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Analysts remain bullish: Goldman Sachs maintained a “buy” rating while trimming its price target from $117 to $115, still implying substantial upside from recent trading levels. A separate analysis also noted Hasbro’s strong performance over the past year and favorable Wall Street expectations. Is Hasbro Stock Underperforming the S&P 500?
• Positive Sentiment: New product launch could support holiday sales: Hasbro is introducing EverBoard, an AI-enabled take on its classic board-game products, exclusively through Best Buy during the holiday season. The launch could improve consumer engagement and provide a new sales opportunity, although its financial impact is not yet quantified. Hasbro classics meet AI: EverBoard launches exclusively at Best Buy this holiday season
• Positive Sentiment: Transformers brand momentum continues: The extended theatrical run of the 40th-anniversary rerelease of Transformers: The Movie, supported by strong box-office demand, offers additional visibility for one of Hasbro’s key entertainment franchises. Transformers: The Movie Extends Theatrical Run
• Neutral Sentiment: Recent trading strength: Zacks characterized Hasbro as outperforming the broader market during the latest session, but the report provided limited new fundamental information. Hasbro Exceeds Market Returns
• Neutral Sentiment: Reported short interest of zero shares suggests little measurable short-selling pressure, but the figure conflicts with the description of a “significant increase” and may reflect a data issue.

Insider Activity at Hasbro

In related news, insider Timothy Kilpin sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This represents a 26.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Holly Barbacovi sold 5,057 shares of the 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 completion of the sale, the insider owned 37,486 shares of the company’s stock, valued at approximately $3,531,181.20. The trade was a 11.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,472 shares of company stock worth $4,736,533 in the last 90 days. 0.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Hasbro

A number of institutional investors have recently added to or reduced their stakes in HAS. BlackRock Inc. acquired a new position in Hasbro during the second quarter worth $2,204,689,000. Geode Capital Management LLC increased its stake in shares of Hasbro by 3.5% in the 4th 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 last quarter. Bank of America Corp DE purchased a new position in shares of Hasbro during the 2nd quarter worth $289,258,000. Capital Research Global Investors raised its holdings in shares of Hasbro by 5.3% during the 4th quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after acquiring an additional 162,354 shares during the period. Finally, Norges Bank acquired a new position in shares of Hasbro during the 4th quarter valued at about $147,748,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 1.5%

Shares of Hasbro stock opened at $88.09 on Friday. The firm has a market capitalization of $12.42 billion, a PE ratio of 15.84, a P/E/G ratio of 1.49 and a beta of 0.47. Hasbro has a twelve month low of $69.50 and a twelve month high of $106.98. The firm’s 50-day moving average price is $91.88 and its 200 day moving average price is $89.88. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $1.30 EPS. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. On average, sell-side analysts predict that Hasbro will post 6.16 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.2%. Hasbro’s payout ratio is presently 50.36%.

About Hasbro

Hasbro, Inc is a global play and entertainment company that develops, markets and licenses toys, games and related entertainment experiences. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Magic: The Gathering and Dungeons & Dragons. The company serves consumers through retail, e-commerce, digital gaming, licensing and entertainment channels.

Hasbro’s business includes consumer products, tabletop and digital gaming, and brand licensing.