Hasbro (NASDAQ:HAS) Price Target Raised to $87.00

Key Points

• Morgan Stanley raised Hasbro's price target from $85.00 to $87.00, indicating a potential upside of 9.60% from the current stock price and maintaining an "overweight" rating.
• Hasbro's recent quarterly earnings showed an EPS of $1.68, exceeding estimates and reflecting an 8.3% year-over-year revenue increase to $1.39 billion.
• The stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $88.82, supported by multiple recent upgrades from various firms.

Hasbro (NASDAQ:HAS - Get Free Report) had its price objective upped by research analysts at Morgan Stanley from $85.00 to $87.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 9.60% from the stock's current price.

HAS has been the subject of several other research reports. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America boosted their price objective on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Citigroup upped their price objective on shares of Hasbro from $91.00 to $97.00 and gave the company a "buy" rating in a research note on Friday. Finally, Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.82.

Hasbro Stock Up 1.8%

HAS stock opened at $79.38 on Friday. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of -19.50, a PEG ratio of 0.97 and a beta of 0.60. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $82.19. The stock has a fifty day moving average of $77.10 and a 200-day moving average of $71.08.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm earned $1.73 EPS. Hasbro's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that Hasbro will post 4.33 earnings per share for the current year.

Insider Buying and Selling at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the transaction, the insider owned 51,301 shares of the company's stock, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer owned 249,861 shares of the company's stock, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,359 shares of company stock valued at $2,970,828. Corporate insiders own 0.85% of the company's stock.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Hasbro by 34.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 15,232 shares of the company's stock worth $1,155,000 after purchasing an additional 3,876 shares in the last quarter. Cardinal Capital Management increased its holdings in shares of Hasbro by 1.2% in the 3rd quarter. Cardinal Capital Management now owns 98,960 shares of the company's stock worth $7,506,000 after purchasing an additional 1,168 shares in the last quarter. Visionary Horizons LLC increased its holdings in shares of Hasbro by 1.4% in the 3rd quarter. Visionary Horizons LLC now owns 12,069 shares of the company's stock worth $915,000 after purchasing an additional 166 shares in the last quarter. SG Americas Securities LLC increased its holdings in Hasbro by 31.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,039 shares of the company's stock worth $761,000 after buying an additional 2,384 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Hasbro in the 3rd quarter worth about $256,000. 91.83% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.