Hasbro (NASDAQ:HAS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hasbro (NASDAQ:HAS) had its price target boosted by equities research analysts at Morgan Stanley from $122.00 to $123.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 29.13% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Citigroup upped their price objective on Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their price target on Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Monness Crespi & Hardt increased their price target on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Finally, Roth Mkm set a $120.00 price target on Hasbro in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.14.

Hasbro Stock Performance

NASDAQ HAS opened at $95.25 on Thursday. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of -40.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The company has a quick ratio of 1.24, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The business has a 50-day moving average price of $93.46 and a 200-day moving average price of $88.90. Hasbro has a twelve month low of $64.74 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.30. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $966.51 million. Hasbro had a positive return on equity of 172.27% and a negative net margin of 4.62%. As a group, equities research analysts predict that Hasbro will post 5.8 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at $30,431,092.30. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its stake in shares of Hasbro by 10.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,767 shares of the company’s stock valued at $540,000 after purchasing an additional 523 shares during the last quarter. Castleark Management LLC lifted its stake in shares of Hasbro by 29.9% in the 1st quarter. Castleark Management LLC now owns 94,701 shares of the company’s stock valued at $8,864,000 after purchasing an additional 21,800 shares during the last quarter. Owlhouse Capital LP lifted its stake in shares of Hasbro by 40.5% in the 1st quarter. Owlhouse Capital LP now owns 34,856 shares of the company’s stock valued at $3,263,000 after purchasing an additional 10,056 shares during the last quarter. Waverly Advisors LLC lifted its stake in shares of Hasbro by 10.1% in the 1st quarter. Waverly Advisors LLC now owns 4,545 shares of the company’s stock valued at $425,000 after purchasing an additional 418 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Hasbro by 1.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,174,077 shares of the company’s stock valued at $109,894,000 after purchasing an additional 12,182 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

About Hasbro

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.