Hasbro, Inc. (NASDAQ:HAS) Receives $92.25 Consensus Target Price from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $92.25.

Several research firms have weighed in on HAS. Jefferies Financial Group boosted their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 29th. Wolfe Research lifted their target price on Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Seaport Res Ptn upgraded shares of Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Bank of America raised their price objective on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $94.00 target price on shares of Hasbro in a research note on Sunday, December 14th.

Insider Activity at Hasbro

In other 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 owned 17,102 shares in the company, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Institutional Trading of Hasbro

Institutional investors have recently modified their holdings of the business. United Capital Financial Advisors LLC lifted its position in shares of Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares in the last quarter. Clarius Group LLC raised its stake in shares of Hasbro by 0.6% during the 3rd quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock valued at $1,766,000 after purchasing an additional 146 shares during the period. Kaufman Rossin Wealth LLC lifted its holdings in Hasbro by 4.1% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock worth $291,000 after purchasing an additional 151 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Hasbro by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after purchasing an additional 151 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Hasbro by 2.0% in the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after purchasing an additional 152 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Down 1.7%

Shares of HAS stock opened at $85.42 on Monday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of -21.30, a PEG ratio of 1.56 and a beta of 0.55. Hasbro has a 52-week low of $49.00 and a 52-week high of $89.20. The company has a 50-day simple moving average of $81.63 and a two-hundred day simple moving average of $78.60.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. Research analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

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.