Hasbro (NASDAQ:HAS) Stock Price Expected to Rise, Monness Crespi & Hardt Analyst Says

Hasbro (NASDAQ:HAS) had its price objective hoisted by equities research analysts at Monness Crespi & Hardt from $80.00 to $90.00 in a research report issued on Wednesday,MarketScreener reports. Monness Crespi & Hardt’s target price points to a potential upside of 20.19% from the stock’s previous close.

HAS has been the topic of a number of other research reports. Roth Capital upped their target price on Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Bank of America upped their target price on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Citigroup upped their target price on Hasbro from $79.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. The Goldman Sachs Group raised Hasbro from a “neutral” rating to a “buy” rating and upped their target price for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Finally, Morgan Stanley upped their target price on Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.42.

Hasbro Stock Performance

HAS opened at $74.88 on Wednesday. The stock has a market cap of $10.50 billion, a P/E ratio of -18.44, a P/E/G ratio of 0.96 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $78.08 and its 200 day simple moving average is $68.64. Hasbro has a 1-year low of $49.00 and a 1-year high of $82.19.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $891.82 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Insider Activity at Hasbro

In related news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,359 shares of company stock worth $2,970,828. Corporate insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

Several large investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its stake in shares of Hasbro by 5.0% during the second quarter. Osaic Holdings Inc. now owns 57,695 shares of the company’s stock valued at $4,241,000 after acquiring an additional 2,762 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Hasbro by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 104,635 shares of the company’s stock valued at $7,724,000 after acquiring an additional 1,726 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Hasbro by 41.1% during the second quarter. Neuberger Berman Group LLC now owns 18,596 shares of the company’s stock valued at $1,373,000 after acquiring an additional 5,415 shares in the last quarter. Marex Group plc acquired a new stake in shares of Hasbro during the second quarter valued at about $894,000. Finally, Advisory Services Network LLC grew its stake in shares of Hasbro by 39.1% during the second quarter. Advisory Services Network LLC now owns 39,011 shares of the company’s stock valued at $2,932,000 after acquiring an additional 10,964 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.