Bank of America Issues Pessimistic Forecast for Hasbro (NASDAQ:HAS) Stock Price

Hasbro (NASDAQ:HAS) had its target price reduced by stock analysts at Bank of America from $115.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 28.76% from the stock’s current price.

A number of other brokerages have also recently weighed in on HAS. BNP Paribas Exane reduced their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday. Citigroup dropped their price objective on Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a research note on Thursday, May 21st. Wells Fargo & Company dropped their price target on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 9th. Finally, Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $109.71.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $81.55 on Thursday. The firm’s 50 day simple moving average is $85.00 and its 200 day simple moving average is $90.20. Hasbro has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of -49.13, a P/E/G ratio of 2.00 and a beta of 0.49. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, sell-side analysts forecast that Hasbro will post 6.04 earnings per share for the current year.

Institutional Investors Weigh In On Hasbro

Several large investors have recently made changes to their positions in HAS. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Hasbro in the fourth quarter valued at $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the second quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Hasbro by 1,190.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after acquiring an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro announced a licensing partnership with Nintendo to produce The Legend of Zelda toys and related products, with the first reveal coming soon and products expected to roll out starting in 2027. The deal could strengthen Hasbro’s collectibles and action-figure business by tying it to one of gaming’s most valuable franchises. Article Title
• Positive Sentiment: Hasbro also unveiled new KPop Demon Hunters role-playing toys, signaling continued momentum in licensing-driven product launches that can help refresh the company’s toy lineup and broaden its appeal. Article Title
• Positive Sentiment: Hasbro’s partnership with Get After It Media on a new streaming channel suggests the company is expanding beyond toys into media and digital content, which could create additional brand exposure and monetization opportunities. Article Title
• Neutral Sentiment: Investors are also watching Hasbro ahead of its second-quarter earnings report on July 21, after the company beat expectations in the prior quarter. The upcoming results should be a key catalyst for the stock. Article Title
• Negative Sentiment: On the cautious side, Zacks Research trimmed several long-term earnings estimates for Hasbro and kept a Hold rating, which may temper enthusiasm even though the changes were small. Article Title

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.