Argus Upgrades Hasbro (NASDAQ:HAS) to Strong-Buy

Hasbro (NASDAQ:HAS) was upgraded by analysts at Argus to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

HAS has been the topic of a number of other reports. Roth Mkm set a $120.00 price objective on shares of Hasbro in a report on Wednesday, February 11th. Jefferies Financial Group increased their target price on shares of Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a report on Friday, February 6th. Citigroup boosted their price target on shares of Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $113.07.

Hasbro Stock Performance

NASDAQ:HAS opened at $93.40 on Friday. The firm has a market capitalization of $13.14 billion, a PE ratio of -39.74 and a beta of 0.54. Hasbro has a twelve month low of $49.00 and a twelve month high of $106.98. The stock’s 50-day simple moving average is $94.03 and its 200 day simple moving average is $83.84. 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 (NASDAQ:HAS) last announced its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Hasbro’s quarterly revenue was up 31.3% on a year-over-year basis. On average, analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Insider Activity at Hasbro

In related news, CFO Gina M. Goetter sold 12,429 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the sale, the chief financial officer owned 68,221 shares in the company, valued at approximately $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy J. Kilpin sold 7,773 shares of Hasbro stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares in the company, valued at approximately $3,762,384. This represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 413,342 shares of company stock worth $42,241,679 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in Hasbro during the fourth quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares during the period. Empowered Funds LLC grew its stake in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares during the period. Woodline Partners LP increased its holdings in Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in Hasbro in the 1st quarter worth about $292,000. Institutional investors own 91.83% of the company’s stock.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: CEO pledge to avoid generative AI in Magic: The Gathering and Dungeons & Dragons preserves brand integrity and reduces risk of community backlash or IP/legal issues — a defensive move that may protect long-term franchise value. Hasbro’s CEO Says ‘Magic: The Gathering’ and ‘Dungeons & Dragons’ Will Never Use Generative AI
• Positive Sentiment: Product pipeline update: Hasbro revealed a new Transformers “Grimlock” Studio Series Titan-class figure — incremental merchandising and collector product news that supports toy/IP revenue streams. Transformers: Age of Extinction Grimlock Studio Series figure revealed by Hasbro
• Neutral Sentiment: Wells Fargo initiated coverage of HAS — initiations can move stock depending on the published rating and price target; investors should check the note for guidance. Wells Fargo & Company Initiates Coverage on Hasbro
• Neutral Sentiment: CEO’s public response to anti–Harry Potter activists signals management’s willingness to defend key franchises — relevant to brand reputation but unlikely to move fundamentals materially. Hasbro CEO tells anti-Harry Potter activists to kick rocks!
• Neutral Sentiment: Analyst commentary: recent write-ups note HAS is down since the earnings report — useful context for momentum traders but not a new company development. Hasbro (HAS) Down 11% Since Last Earnings Report
• Negative Sentiment: Pawtucket job fair signals uncertainty and potential layoffs tied to Hasbro’s departure — raises near-term restructuring risk, local costs and employee-impact headlines that can pressure sentiment. Pawtucket to hold job fair for Hasbro workers, despite not knowing how many jobs will be lost
• Negative Sentiment: Completed $400M senior notes offering increases net debt and leverage at a time when Hasbro already shows high debt-to-equity — could weigh on credit metrics, interest expense and investor risk premium. Hasbro Completes $400 Million Senior Notes Offering

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.