Hasbro (NASDAQ:HAS) Price Target Raised to $117.00 at BNP Paribas Exane

Hasbro (NASDAQ:HAS) had its price objective hoisted by equities researchers at BNP Paribas Exane from $115.00 to $117.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. BNP Paribas Exane’s target price points to a potential upside of 32.08% from the stock’s current price.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. The Goldman Sachs Group raised their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Argus set a $105.00 target price on shares of Hasbro in a research report on Friday, March 13th. Citigroup decreased their price target on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Roth Mkm set a $120.00 price objective on shares of Hasbro in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.64.

Hasbro Price Performance

Shares of Hasbro stock traded down $0.02 during trading on Thursday, hitting $88.58. The stock had a trading volume of 611,494 shares, compared to its average volume of 1,900,621. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. Hasbro has a 12 month low of $64.74 and a 12 month high of $106.98. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of -37.65, a P/E/G ratio of 2.84 and a beta of 0.52. The business’s 50-day moving average is $93.33 and its 200 day moving average is $89.31.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a positive return on equity of 172.27% and a negative net margin of 4.62%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. As a group, sell-side analysts anticipate that Hasbro will post 5.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Christian P. Cocks sold 196,411 shares of the business’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 sale, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at $30,431,092.30. The trade was a 39.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Several large investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new stake in Hasbro during the 2nd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new position in Hasbro in the 2nd quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro in the 3rd quarter worth approximately $34,000. Finally, Cedar Mountain Advisors LLC bought a new position in Hasbro in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro delivered a strong Q1 earnings beat, reporting EPS of $1.47 versus expectations of about $1.20, and revenue of $1.0 billion versus estimates of $969.2 million. Revenue rose 12.7% year over year, helped by strength in Wizards of the Coast and digital gaming, especially Magic: The Gathering. Reuters article
• Positive Sentiment: The company said digital games and Wizards drove the quarter, reinforcing that its higher-margin gaming segment remains a key growth engine for Hasbro. WSJ article
• Neutral Sentiment: Hasbro announced a quarterly dividend of $0.70 per share, which may support the stock for income-focused investors but is not the main driver of today’s trading. Business Wire article
• Negative Sentiment: Shares sold off because investors were disappointed that Hasbro maintained its full-year revenue growth outlook of 3%-5% and adjusted EBITDA guidance of $1.40 billion-$1.45 billion instead of raising it after the beat. Boston Globe article
• Negative Sentiment: Management also flagged a cybersecurity-related delay in Q2 and the cancellation of a Dungeons & Dragons game, adding to uncertainty around near-term growth and product pipeline execution. TipRanks article

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.