Hasbro (NASDAQ:HAS) Given New $114.00 Price Target at Citigroup

Hasbro (NASDAQ:HAS) had its price objective decreased by equities research analysts at Citigroup from $118.00 to $114.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 28.70% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Roth Mkm set a $120.00 target price on shares of Hasbro in a report on Wednesday, February 11th. The Goldman Sachs Group raised their target price on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wells Fargo & Company set a $92.00 price target on shares of Hasbro in a research note on Thursday. Morgan Stanley increased their price target on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Wolfe Research lifted their price objective on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $113.64.

Hasbro Trading Down 0.0%

Shares of NASDAQ:HAS traded down $0.02 during midday trading on Thursday, reaching $88.58. 611,494 shares of the company’s stock were exchanged, compared to its average volume of 1,900,621. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of -37.65, a P/E/G ratio of 2.84 and a beta of 0.52. Hasbro has a fifty-two week low of $64.74 and a fifty-two week high of $106.98. The firm’s 50 day simple moving average is $93.33 and its two-hundred day simple moving average is $89.31. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 172.27%. Hasbro’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, sell-side analysts forecast that Hasbro will post 5.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the sale, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Large investors have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro during the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Hasbro during the 4th quarter valued at $27,000. MUFG Securities EMEA plc purchased a new position in Hasbro during the second quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro in the third quarter valued at $34,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Hasbro during the first quarter valued at $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro delivered a strong Q1 earnings beat, reporting EPS of $1.47 versus expectations of about $1.20, and revenue of $1.0 billion versus estimates of $969.2 million. Revenue rose 12.7% year over year, helped by strength in Wizards of the Coast and digital gaming, especially Magic: The Gathering. Reuters article
• Positive Sentiment: The company said digital games and Wizards drove the quarter, reinforcing that its higher-margin gaming segment remains a key growth engine for Hasbro. WSJ article
• Neutral Sentiment: Hasbro announced a quarterly dividend of $0.70 per share, which may support the stock for income-focused investors but is not the main driver of today’s trading. Business Wire article
• Negative Sentiment: Shares sold off because investors were disappointed that Hasbro maintained its full-year revenue growth outlook of 3%-5% and adjusted EBITDA guidance of $1.40 billion-$1.45 billion instead of raising it after the beat. Boston Globe article
• Negative Sentiment: Management also flagged a cybersecurity-related delay in Q2 and the cancellation of a Dungeons & Dragons game, adding to uncertainty around near-term growth and product pipeline execution. TipRanks article

About Hasbro

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.