Hasbro, Inc. (NASDAQ:HAS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $112.2143.

Several equities research analysts have recently weighed in on the company. Argus set a $105.00 price objective on Hasbro in a research note on Friday, March 13th. Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup dropped their target price on shares of Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently made changes to their positions in HAS. Norges Bank acquired a new stake in shares of Hasbro during the fourth quarter worth approximately $147,748,000. Bank of America Corp DE boosted its stake in shares of Hasbro by 128.7% during the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after buying an additional 1,677,962 shares during the period. AQR Capital Management LLC increased its stake in shares of Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after acquiring an additional 1,399,499 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Hasbro by 454.3% during the first quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock worth $68,085,000 after acquiring an additional 596,167 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in Hasbro during the first quarter valued at $47,671,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro unveiled Blooms by Play-Doh, a new adult-focused product line that expands the iconic brand beyond kids’ toys and could open a fresh revenue stream. Hasbro Introduces Blooms by Play-Doh, A New Creative Experience Designed for Adults
• Positive Sentiment: Hasbro also highlighted a Transformers crossover strategy, including a first-of-its-kind multipack and a Transformers x Scooby-Doo figure, reinforcing its ability to monetize beloved brands through new collectibles and fan-driven products. Hasbro Reveals a First-of-Its-Kind Transformers Multipack [EXCLUSIVE]
• Neutral Sentiment: Hasbro continues to lean into its “aging up” strategy, using influencers and adult-oriented branding to broaden Play-Doh’s appeal; the concept is promising, but execution risk remains after an earlier adult Play-Doh effort fell short. Hasbro’s ‘Aging Up’ Strategy Continues With a Reattempt at Adult Play-Doh
• Neutral Sentiment: Citigroup lowered its price target on Hasbro (HAS) to $101 from $114, but maintained a Buy rating, signaling confidence in upside even after the cut. Benzinga

Hasbro Price Performance

Shares of NASDAQ HAS traded up $1.57 during midday trading on Monday, reaching $78.96. The company’s stock had a trading volume of 1,656,423 shares, compared to its average volume of 1,891,692. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The company has a 50 day moving average price of $86.62 and a 200 day moving average price of $90.25. Hasbro has a one year low of $69.50 and a one year high of $106.98. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -47.57, a price-to-earnings-growth ratio of 1.90 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. On average, equities research analysts expect that Hasbro will post 5.98 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s payout ratio is presently -168.67%.

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.