Hasbro (NASDAQ:HAS) Given New $105.00 Price Target at Bank of America

Hasbro (NASDAQ:HAS) had its price target reduced by analysts at Bank of America from $115.00 to $105.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 28.64% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Citigroup dropped their price target on shares of Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday. Roth Capital lowered their target price on shares of Hasbro from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. raised 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.71.

Hasbro Stock Performance

Shares of Hasbro stock traded up $1.11 on Thursday, hitting $81.62. The stock had a trading volume of 689,708 shares, compared to its average volume of 1,929,679. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The business’s 50 day moving average is $85.63 and its two-hundred day moving average is $90.26. Hasbro has a twelve month low of $69.50 and a twelve month high of $106.98. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of -49.12, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the previous year, the company earned $1.04 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Analysts forecast that Hasbro will post 6.04 EPS for the current year.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Hasbro during the 4th quarter valued at $147,748,000. Bank of America Corp DE raised its holdings in shares of Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after purchasing an additional 1,677,962 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after buying an additional 1,399,499 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Hasbro by 454.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock valued at $68,085,000 after acquiring an additional 596,167 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in shares of Hasbro in the 1st quarter worth approximately $47,671,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Investors are looking ahead to Hasbro’s Q2 earnings release on July 21, with optimism supported by the company’s prior quarter beat, when EPS topped estimates by 31.3%. Hasbro Gear Up for Q2 Earnings: What Should Investors Expect?
• Positive Sentiment: BNP Paribas Exane kept an outperform rating on Hasbro while only trimming its price target slightly to $114, implying meaningful upside versus the current share price. BNP Paribas Exane price target update
• Neutral Sentiment: Zacks Research mostly made small adjustments to future earnings estimates, including slight cuts to FY2027, FY2028 and Q1 2028 EPS forecasts, while maintaining a Hold rating. Zacks Research estimate revisions
• Neutral Sentiment: Roth Capital also lowered its price target to $100 but kept a buy rating, suggesting analysts still see upside despite some caution. Roth Capital price target update
• Negative Sentiment: Hasbro was recently downgraded by Zacks Research from strong-buy to Hold, reflecting a more cautious analyst stance that could weigh on sentiment. Zacks Research downgrade

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.