Hasbro (NASDAQ:HAS) Price Target Raised to $112.00

Hasbro (NASDAQ:HASGet Free Report) had its target price hoisted by stock analysts at Jefferies Financial Group from $95.00 to $112.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 19.35% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Morgan Stanley boosted their price target on Hasbro from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Monday. Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. UBS Group upped their target price on Hasbro from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Finally, Roth Mkm boosted their price target on shares of Hasbro from $96.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.18.

Check Out Our Latest Research Report on HAS

Hasbro Stock Performance

NASDAQ HAS opened at $93.84 on Friday. The company’s fifty day moving average is $85.49 and its two-hundred day moving average is $80.19. Hasbro has a 52-week low of $49.00 and a 52-week high of $97.41. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of -23.40, a P/E/G ratio of 1.71 and a beta of 0.56.

Insiders Place Their Bets

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hasbro

A number of hedge funds have recently made changes to their positions in HAS. Brighton Jones LLC bought a new stake in Hasbro during the fourth quarter worth about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares in the last quarter. Woodline Partners LP grew its position in Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in Hasbro during the 1st quarter valued at $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

Hasbro Company Profile

(Get Free Report)

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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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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