Hasbro (NASDAQ:HAS) Price Target Raised to $105.00

Hasbro (NASDAQ:HAS) had its target price boosted by Argus from $90.00 to $105.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. reduced their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group decreased their target price on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. BNP Paribas Exane reduced their price target on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $108.36.

Hasbro Stock Performance

HAS opened at $88.79 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 4.16. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.63 and a beta of 0.49. The company’s 50 day moving average is $84.22 and its 200 day moving average is $90.36. Hasbro has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. 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 posted $1.30 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts predict that Hasbro will post 6.13 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.2%. Hasbro’s dividend payout ratio is currently 50.36%.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the second quarter worth about $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the 2nd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC purchased a new position in Hasbro in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Argus raised its price target on Hasbro to $105 from $90 and reiterated a buy rating, implying additional upside from recent trading levels.
• Positive Sentiment: Hasbro unveiled My Little Pony: Forever Friendship, a new animated YouTube series set to premiere in early 2027, adding another way to monetize its valuable intellectual property. Article Title
• Positive Sentiment: Hasbro also expanded its licensed toy lineup with new Legend of Zelda, Transformers, and Street Fighter figure reveals, showing ongoing strength in its entertainment-driven product pipeline.
• Neutral Sentiment: Recent commentary about Hasbro’s growth strategy shifting toward “kidults” highlights the company’s effort to broaden its audience, but it is more of a strategic narrative than a near-term catalyst.
• Neutral Sentiment: Short interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be influencing the stock today.
• Negative Sentiment: A report on Hasbro scaling back parts of its gaming ambitions after a $56 million loss could raise concerns about profitability in its gaming segment, even though some projects remain safe.
• Negative Sentiment: JPMorgan reportedly lowered its price target to $111, which may temper enthusiasm somewhat despite the target still being above the current share price.

Hasbro Company Profile

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.