Hasbro (NASDAQ:HAS) Sets New 12-Month High on Earnings Beat

Hasbro, Inc. (NASDAQ:HASGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $104.96 and last traded at $104.6770, with a volume of 1678199 shares traded. The stock had previously closed at $96.76.

The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.54. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HAS shares. Wolfe Research raised their target price on Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. The Goldman Sachs Group decreased their price target on Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Morgan Stanley lifted their price objective on Hasbro from $94.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Citigroup upped their target price on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, UBS Group raised their price target on shares of Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.18.

Check Out Our Latest Stock Report on Hasbro

Institutional Trading of Hasbro

Several hedge funds have recently modified their holdings of HAS. CYBER HORNET ETFs LLC bought a new position in Hasbro during the second quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro during the 2nd quarter worth approximately $28,000. First Horizon Corp bought a new position in Hasbro in the third quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Hasbro in the third quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Hasbro during the second quarter valued at approximately $35,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

The business has a 50-day moving average price of $85.77 and a two-hundred day moving average price of $80.38. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of -26.12, a price-to-earnings-growth ratio of 1.68 and a beta of 0.56.

About Hasbro

(Get Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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