Hasbro (NASDAQ:HAS) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Hasbro (NASDAQ:HASGet Free Report) had its price target raised by research analysts at Jefferies Financial Group from $95.00 to $112.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 19.35% from the company’s previous close.

A number of other research firms have also weighed in on HAS. Morgan Stanley upped their target price on Hasbro from $94.00 to $103.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Roth Mkm upped their price objective on shares of Hasbro from $96.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.18.

Check Out Our Latest Stock Analysis on HAS

Hasbro Stock Down 1.7%

Shares of HAS opened at $93.84 on Friday. The firm has a market capitalization of $13.17 billion, a P/E ratio of -23.40, a P/E/G ratio of 1.68 and a beta of 0.56. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. Hasbro has a 12-month low of $49.00 and a 12-month high of $97.41. The firm has a fifty day moving average price of $85.49 and a 200-day moving average price of $80.20.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the transaction, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

Institutional investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the 2nd quarter worth about $25,000. First Horizon Corp purchased a new stake in Hasbro during the third quarter worth about $29,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the second quarter worth about $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Hasbro during the third quarter worth about $34,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Hasbro in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

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.

Further Reading

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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