Hasbro, Inc. (NASDAQ:HAS) Stock Has Average Price Target of $110.64

Key Points

• Analyst sentiment is moderately bullish: Twelve of 16 analysts rate Hasbro a buy, while four recommend holding the stock. The average 12-month price target is $110.64 versus a recent share price of $95.94.
• Hasbro exceeded quarterly expectations, reporting $1.28 in EPS and $1.14 billion in revenue, with revenue up 16.2% year over year. The company also maintains a $0.70 quarterly dividend, equivalent to a 2.9% yield.
• Insiders have been selling shares, including the CFO and a director, with insiders selling 50,472 shares worth $4.74 million over the past quarter. Meanwhile, institutional investors own a substantial 91.83% of the company.

Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $110.64.

Several brokerages recently issued reports on HAS. Jefferies Financial Group reduced their price target on shares of Hasbro from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, July 16th. DA Davidson lowered their price objective on shares of Hasbro from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, July 22nd. BNP Paribas Exane lowered their price objective on shares of Hasbro from $117.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, July 15th. Weiss Ratings raised Hasbro from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, Zacks Research cut Hasbro from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th.

Insider Buying and Selling

In related news, CFO Gina Goetter sold 11,000 shares of Hasbro stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the sale, the chief financial officer directly owned 88,104 shares in the company, valued at $8,408,645.76. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth Hamren sold 1,975 shares of Hasbro stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director owned 9,896 shares in the company, valued at $918,744.64. This represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 50,472 shares of company stock worth $4,736,533 over the last quarter. Company insiders own 0.71% of the company's stock.

Institutional Trading of Hasbro

A number of hedge funds have recently modified their holdings of HAS. Hsbc Holdings PLC lifted its stake in shares of Hasbro by 104.5% in the second quarter. Hsbc Holdings PLC now owns 798,597 shares of the company's stock worth $66,071,000 after buying an additional 408,015 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Hasbro during the second quarter valued at approximately $758,000. NewEdge Advisors LLC grew its holdings in shares of Hasbro by 621.3% during the second quarter. NewEdge Advisors LLC now owns 494,060 shares of the company's stock valued at $40,804,000 after buying an additional 425,562 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Hasbro by 24.5% during the first quarter. California State Teachers Retirement System now owns 156,866 shares of the company's stock valued at $14,683,000 after acquiring an additional 30,825 shares in the last quarter. Finally, Corient Private Wealth LP increased its position in shares of Hasbro by 48.2% during the second quarter. Corient Private Wealth LP now owns 36,521 shares of the company's stock valued at $3,016,000 after acquiring an additional 11,873 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Up 1.3%

Shares of Hasbro stock opened at $95.94 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The company's fifty day simple moving average is $92.01 and its two-hundred day simple moving average is $89.69. The company has a market cap of $13.53 billion, a P/E ratio of 17.26, a PEG ratio of 1.63 and a beta of 0.45. Hasbro has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last issued 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 net margin of 15.97% and a return on equity of 141.11%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $1.30 EPS. The company's revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts anticipate that Hasbro will post 6.16 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro's dividend payout ratio is currently 50.36%.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro opened a studio focused on Dungeons & Dragons, supporting its strategy of expanding beyond traditional toys into games and entertainment tied to major intellectual properties. Hasbro opens studio focused on Dungeons & Dragons
• Positive Sentiment: New Marvel Legends figures and the revamped Fury of Dracula board game expand Hasbro’s product lineup and could support licensing revenue, collector demand and holiday sales. Hasbro reveals Marvel Legends figures Fury of Dracula board game
• Neutral Sentiment: Hasbro is scheduled to release quarterly results Tuesday. The report could become the next major catalyst as investors assess sales momentum, margins and guidance against expectations. Hasbro quarterly earnings announcement
• Neutral Sentiment: The company’s Women Innovators of Play design challenge is expanding with an in-person event series, supporting brand engagement and product development but with no immediate disclosed financial impact. Women Innovators of Play program
• Negative Sentiment: Hasbro plans to move its headquarters from Pawtucket, Rhode Island, to Boston in early January. A WARN notice says 587 positions are affected, and employees must agree to work in Boston by December 24 or risk losing their jobs. The transition may produce relocation and restructuring costs, employee attrition and operational disruption, although it could eventually improve recruiting or reduce overhead. Hasbro headquarters move to Boston Hasbro Pawtucket employee deadline

Hasbro Company Profile

Hasbro, Inc is a global toy and games company that develops, licenses and markets branded entertainment products. Its portfolio includes toys, board games, trading cards, role-playing games and digital gaming experiences sold under brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through retailers, e-commerce platforms and licensing partners in the United States and international markets.

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