Hasbro (NASDAQ:HAS) Hits New 52-Week High - What's Next?

Key Points

• Hasbro's shares reached a new **52-week high** at $82.05, trading at $81.49 with over **1.15 million shares** exchanged, up from a previous close of $79.41.
• Multiple brokerages, including Citigroup and Roth Capital, have upgraded their **price targets** for Hasbro, with an average target of **$86.42** and a **consensus rating** of "Moderate Buy."
• The company reported an **EPS of $1.30**, exceeding analysts' estimates, and a revenue of **$980.80 million**, despite a year-over-year decline of 1.5%.

Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $82.05 and last traded at $81.49, with a volume of 1159843 shares traded. The stock had previously closed at $79.41.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAS. Citigroup increased their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Roth Capital raised their price objective on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Bank of America raised their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. DA Davidson raised their price objective on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Monness Crespi & Hardt raised their price objective on shares of Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $86.42.

Hasbro Stock Down 0.6%

The business's fifty day moving average price is $75.93 and its 200 day moving average price is $66.64. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of -20.01, a PEG ratio of 1.06 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The business had revenue of $980.80 million for the quarter, compared to analysts' expectations of $891.82 million. During the same period in the previous year, the company posted $1.22 EPS. The company's quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro's payout ratio is presently -68.97%.

Insider Activity

In related news, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares of the company's stock, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares of the company's stock, valued at $4,094,332.81. The trade was a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.85% of the company's stock.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marex Group plc acquired a new stake in Hasbro during the 2nd quarter worth approximately $894,000. Advisory Services Network LLC increased its position in Hasbro by 39.1% during the 2nd quarter. Advisory Services Network LLC now owns 39,011 shares of the company's stock worth $2,932,000 after purchasing an additional 10,964 shares in the last quarter. State of Wyoming acquired a new stake in Hasbro during the 2nd quarter worth approximately $69,000. Hudson Bay Capital Management LP acquired a new stake in Hasbro during the 2nd quarter worth approximately $353,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 91.83% of the company's stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

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