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

Hasbro (NASDAQ:HAS) had its target price boosted by equities research analysts at DA Davidson from $73.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price points to a potential upside of 9.41% from the company’s current price. 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 brokerages have also weighed in on HAS. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Up 2.2 %

HAS opened at $68.55 on Monday. The firm has a market cap of $9.56 billion, a P/E ratio of 24.93, a PEG ratio of 0.60 and a beta of 0.64. The business’s fifty day simple moving average is $58.72 and its 200 day simple moving average is $64.26. Hasbro has a 52 week low of $48.63 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. The company 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%. As a group, equities research analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in Hasbro during the 4th quarter worth approximately $25,000. Allworth Financial LP lifted its position in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Hasbro in the third quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Hasbro during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

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.