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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $110.64.

A number of equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Bank of America lowered their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Wells Fargo & Company increased their target price on Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd.

Insider Transactions at Hasbro

In related news, CFO Gina Goetter sold 11,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the completion of the sale, the chief financial officer directly owned 88,104 shares in the company, valued at $8,408,645.76. This represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Timothy Kilpin sold 20,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the transaction, the insider owned 54,229 shares in the company, valued at $5,049,804.48. This trade represents a 26.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 50,472 shares of company stock worth $4,736,533. Company insiders own 0.71% of the company’s stock.

Institutional Trading of Hasbro

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

Hasbro Stock Performance

Shares of Hasbro stock opened at $98.76 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The stock’s fifty day moving average is $92.34 and its two-hundred day moving average is $89.85. Hasbro has a 52 week low of $69.50 and a 52 week high of $106.98. The company has a market capitalization of $13.93 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.70 and a beta of 0.45.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $1.30 earnings per share. As a group, analysts expect that Hasbro will post 6.14 earnings per share for the current year.

Hasbro Company Profile

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.