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

by · The Cerbat Gem

Hasbro (NASDAQ:HAS – Get Free Report) had its price objective upped by analysts at Morgan Stanley from $122.00 to $123.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 28.18% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group upped their price objective on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company assumed coverage on shares of Hasbro in a research note on Wednesday, March 11th. They issued an “equal weight” rating and a $98.00 price target for the company. Argus set a $105.00 price target on shares of Hasbro in a research report on Friday, March 13th. Citigroup raised their price objective on Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report 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 issued a Sell rating to the stock. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $113.14.

Get Our Latest Stock Analysis on HAS

Hasbro Price Performance

Shares of Hasbro stock traded up $1.95 during trading on Thursday, hitting $95.96. 334,611 shares of the stock traded hands, compared to its average volume of 1,837,057. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of -40.79, a PEG ratio of 2.79 and a beta of 0.52. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. Hasbro has a 52 week low of $64.74 and a 52 week high of $106.98. The firm’s fifty day moving average is $93.53 and its 200-day moving average is $88.73.

Hasbro (NASDAQ:HAS – Get Free Report) last released its earnings results 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. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $964.39 million. Research analysts expect that Hasbro will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider owned 36,528 shares of the company’s stock, valued at $3,762,384. This represents a 17.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the completion of the sale, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the second quarter valued at $28,000. First Horizon Corp bought a new stake in Hasbro in the third quarter valued at $29,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro during the 3rd quarter valued at $34,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

(Get Free Report)

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.

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