Hasbro (NASDAQ:HAS) Price Target Raised to $105.00 at Argus

Hasbro (NASDAQ:HAS) had its price objective upped by Argus from $90.00 to $105.00 in a research report released on Thursday morning,Benzinga reports. Argus currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. DA Davidson lowered their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday. BNP Paribas Exane reduced their price objective on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. UBS Group reissued a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a research note on Thursday, June 18th. Wells Fargo & Company dropped their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 9th. Finally, Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.36.

Hasbro Stock Performance

NASDAQ HAS opened at $87.35 on Thursday. The business’s 50 day moving average price is $84.35 and its 200-day moving average price is $90.37. Hasbro has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The company has a market cap of $12.36 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.64 and a beta of 0.49. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.49 and a current ratio of 1.66.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.Hasbro’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. Sell-side analysts predict that Hasbro will post 6.1 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Institutional Investors Weigh In On Hasbro

Several large investors have recently added to or reduced their stakes in HAS. Brighton Jones LLC bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC grew its stake in Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares in the last quarter. Woodline Partners LP increased its holdings in Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares during the period. Finally, Focus Partners Wealth purchased a new position in Hasbro during the 1st quarter worth $292,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported better-than-expected Q2 results and raised its full-year outlook, with management citing strong momentum in Wizards of the Coast, Magic: The Gathering, and consumer demand for toys and trading cards. HAS Stock On Track For Biggest One-Day Gains In Nearly 15 Months – ‘Wizards Of The Coast’ Helps Hasbro Shine In Q2
• Positive Sentiment: Argus raised its price target on Hasbro to $105 and reiterated a Buy rating, signaling confidence that the company still has meaningful upside after the post-earnings rally. Benzinga report on Argus price target increase
• Positive Sentiment: Other bullish research notes also backed the stock, including continued Buy ratings from Jefferies, UBS, and Wolfe Research, suggesting Wall Street sees earnings and guidance momentum as sustainable. TipRanks analyst note
• Positive Sentiment: Hasbro unveiled new licensed toy lines tied to The Legend of Zelda and Street Fighter, which could add incremental revenue and broaden the company’s appeal beyond traditional kids’ products. Legend of Zelda toyline reveal
• Neutral Sentiment: Hasbro is scaling back parts of its gaming ambitions after a $56 million write-down and cancellations of some future projects, but management said key titles such as Exodus and Warlock are not affected. Eurogamer article on gaming write-down
• Neutral Sentiment: Analyst coverage and options activity suggest traders are paying close attention to the post-earnings move, but some commentary still warns that valuation and margin risks remain mixed. Zacks analysis on growth and valuation

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.