DA Davidson Forecasts Strong Price Appreciation for Hasbro (NASDAQ:HAS) Stock

Hasbro (NASDAQ:HAS) had its price target increased by analysts at DA Davidson from $73.00 to $75.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 11.86% from the stock’s current price. DA Davidson also issued estimates for Hasbro’s FY2025 earnings at $4.31 EPS and FY2026 earnings at $4.71 EPS.

HAS has been the topic of a number of other research reports. Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus cut their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Trading Down 0.8 %

Shares of NASDAQ:HAS traded down $0.51 during trading on Monday, hitting $67.05. 2,109,667 shares of the company’s stock were exchanged, compared to its average volume of 1,526,667. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The firm has a market cap of $9.35 billion, a P/E ratio of 24.38, a PEG ratio of 0.60 and a beta of 0.64. The firm has a 50-day moving average price of $58.42 and a two-hundred day moving average price of $64.21. Hasbro has a 1-year low of $48.63 and a 1-year high of $73.46.

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

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAS. Blue Trust Inc. grew its holdings in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Hasbro by 30.2% during the third quarter. Raymond James & Associates now owns 180,127 shares of the company’s stock valued at $13,027,000 after buying an additional 41,829 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Hasbro by 41.3% in the third quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock valued at $196,000 after purchasing an additional 791 shares during the period. International Assets Investment Management LLC lifted its stake in Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after acquiring an additional 55,847 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Hasbro by 15.9% in the third quarter. Ballentine Partners LLC now owns 6,158 shares of the company’s stock valued at $445,000 after purchasing an additional 844 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

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.