Hasbro, Inc. (NASDAQ:HAS) Given Consensus Rating of “Moderate Buy” by Brokerages

Hasbro, Inc. (NASDAQ:HAS) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $80.11.

Several brokerages have issued reports on HAS. Morgan Stanley raised their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th.

Hasbro Stock Down 0.2 %

Hasbro stock opened at $57.42 on Monday. Hasbro has a fifty-two week low of $46.09 and a fifty-two week high of $73.46. The firm has a market capitalization of $8.01 billion, a PE ratio of -12.38, a P/E/G ratio of 0.49 and a beta of 0.64. The company’s 50-day moving average is $59.97 and its 200-day moving average is $64.38. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Hasbro will post 3.85 earnings per share for the current year.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently made changes to their positions in HAS. abrdn plc lifted its position in shares of Hasbro by 64.0% during the 4th quarter. abrdn plc now owns 19,185 shares of the company’s stock worth $1,075,000 after buying an additional 7,488 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Hasbro by 882.9% in the fourth quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock worth $22,410,000 after acquiring an additional 360,039 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in shares of Hasbro in the 4th quarter valued at approximately $412,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Hasbro by 207.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock valued at $30,629,000 after purchasing an additional 369,744 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Institutional investors 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.