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

Hasbro (NASDAQ:HAS) had its target price upped by Jefferies Financial Group from $90.00 to $95.00 in a report released on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 15.07% from the company’s current price.

Several other equities analysts have also recently commented on HAS. Bank of America boosted their target price on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 22nd. Monness Crespi & Hardt raised their target price on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Citigroup boosted their price target on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Roth Capital set a $96.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.31.

Hasbro Stock Performance

Hasbro stock opened at $82.56 on Monday. Hasbro has a 1-year low of $49.00 and a 1-year high of $85.14. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The firm has a market capitalization of $11.59 billion, a PE ratio of -20.59, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The firm’s 50 day simple moving average is $79.39 and its 200 day simple moving average is $77.27.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 EPS. As a group, analysts expect that Hasbro will post 4.33 earnings per share for the current fiscal year.

Insider Transactions at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the transaction, the director owned 17,102 shares in the company, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is currently owned by insiders.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAS. Brighton Jones LLC purchased a new stake in shares of Hasbro in the 4th quarter worth about $317,000. American Century Companies Inc. increased its stake in shares of Hasbro by 21.3% in the 1st quarter. American Century Companies Inc. now owns 13,596 shares of the company’s stock worth $836,000 after acquiring an additional 2,392 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Hasbro by 14.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,342 shares of the company’s stock valued at $451,000 after acquiring an additional 930 shares during the period. Jump Financial LLC grew its holdings in Hasbro by 129.5% in the first quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after purchasing an additional 6,219 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Hasbro by 14.1% during the first quarter. Comerica Bank now owns 52,642 shares of the company’s stock valued at $3,237,000 after purchasing an additional 6,525 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.