DA Davidson Raises Hasbro (NASDAQ:HAS) Price Target to $75.00

Hasbro (NASDAQ:HAS) had its target price lifted by DA Davidson from $73.00 to $75.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for Hasbro’s FY2025 earnings at $4.31 EPS and FY2026 earnings at $4.71 EPS.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm upped their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Down 0.8 %

Shares of Hasbro stock opened at $68.02 on Monday. The company has a fifty day moving average price of $58.91 and a 200 day moving average price of $64.29. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a twelve month low of $48.72 and a twelve month high of $73.46. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Equities research analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. Hasbro’s payout ratio is 101.82%.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Hasbro by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock worth $914,599,000 after acquiring an additional 404,527 shares during the period. Geode Capital Management LLC raised its stake in Hasbro by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock worth $188,269,000 after acquiring an additional 59,794 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after acquiring an additional 2,427,299 shares during the period. Invesco Ltd. raised its stake in Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after acquiring an additional 701,660 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.