Hasbro, Inc. (NASDAQ:HAS) Stock Has Average Target Price of $114.93 According to Brokerages

Key Points

• Analyst sentiment is broadly positive: Hasbro has a “Moderate Buy” consensus from 16 analysts, with an average 12-month price target of $114.93.
• Quarterly results beat expectations: Hasbro reported EPS of $2.90 versus the $1.86 estimate and revenue of $1.60 billion, up 15% year over year.
• The company declared a quarterly dividend of $0.70 per share, equivalent to $2.80 annually and a 2.4% yield.

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $114.93.

A number of analysts recently commented on the company. DA Davidson dropped their price target on Hasbro from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, July 22nd. Jefferies Financial Group reduced their price objective 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. UBS Group upped their price objective on shares of Hasbro from $120.00 to $137.00 and gave the stock a "buy" rating in a report on Wednesday, October 28th. Roth Capital reaffirmed a "buy" rating on shares of Hasbro in a research report on Wednesday, October 21st. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Saturday, October 31st.

Hasbro Trading Down 0.5%

HAS opened at $118.91 on Friday. The business has a 50 day simple moving average of $98.78 and a two-hundred day simple moving average of $93.19. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.54 and a beta of 0.36. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.40 and a quick ratio of 1.24. Hasbro has a one year low of $74.78 and a one year high of $124.00.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $1.86 by $1.04. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The business's revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. Analysts predict that Hasbro will post 6.85 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Hasbro's dividend payout ratio is presently 41.85%.

Insider Transactions at Hasbro

In other Hasbro news, CFO Gina Goetter sold 7,262 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $118.99, for a total value of $864,105.38. Following the completion of the sale, the chief financial officer directly owned 72,577 shares in the company, valued at $8,635,937.23. This trade represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Holly Barbacovi sold 5,057 shares of Hasbro stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $94.20, for a total value of $476,369.40. Following the sale, the insider directly owned 37,486 shares in the company, valued at approximately $3,531,181.20. The trade was a 11.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hasbro

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Hasbro in the second quarter worth $2,204,689,000. Bank of America Corp DE purchased a new position in Hasbro during the second quarter valued at $289,258,000. Amundi lifted its position in Hasbro by 21.1% during the first quarter. Amundi now owns 1,699,565 shares of the company's stock valued at $159,079,000 after buying an additional 296,277 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Hasbro during the 2nd quarter valued at $130,731,000. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Hasbro by 1.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,174,077 shares of the company's stock valued at $109,894,000 after buying an additional 12,182 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company that develops and sells toys, games and digital experiences, and licenses its brands for consumer products and entertainment. Its portfolio includes Transformers, Play-Doh, Nerf, Monopoly, My Little Pony, Magic: The Gathering and Dungeons & Dragons.

Founded in 1923 as Hassenfeld Brothers, the company began as a family business before expanding into toys and games. Hasbro serves consumers in markets around the world through its products, licensing partnerships and digital offerings.

Hasbro is led by Chief Executive Officer Chris Cocks, who took the role in 2022.

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