Hasbro, Inc. (NASDAQ:HAS) Stock Has Average Price Target of $110.64 According to Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have been given an average rating of “Moderate Buy” by the sixteen research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $110.64.

A number of analysts recently weighed in on HAS shares. Wells Fargo & Company increased their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Argus lifted their price objective on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Wall Street Zen cut shares of Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Roth Capital reiterated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd.

Hasbro Stock Performance

Shares of HAS opened at $98.76 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The firm has a market cap of $13.93 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.45. The company’s 50 day simple moving average is $92.34 and its 200-day simple moving average is $89.86. Hasbro has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $1.30 EPS. The company’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, equities analysts predict that Hasbro will post 6.14 EPS for the current year.

Insider Transactions at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This trade represents a 26.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the sale, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,472 shares of company stock worth $4,736,533 over the last three months. 0.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hasbro

Large investors have recently modified their holdings of the stock. Community Bank N.A. acquired a new position in shares of Hasbro in the second quarter valued at approximately $26,000. Retirement Wealth Solutions LLC lifted its stake in shares of Hasbro by 1,741.2% during the third quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company’s stock valued at $27,000 after buying an additional 296 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new stake in Hasbro during the third quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in Hasbro during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global toy and games company that develops, licenses and markets branded entertainment products. Its portfolio includes toys, board games, trading cards, role-playing games and digital gaming experiences sold under brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through retailers, e-commerce platforms and licensing partners in the United States and international markets.