Hasbro (NASDAQ:HAS – Free Report) had its price target hoisted by Morgan Stanley from $119.00 to $122.00 in a research report sent to investors on Thursday, MarketBeat reports. The firm currently has an overweight rating on the stock.
Several other brokerages have also commented on HAS. DA Davidson raised their price objective on shares of Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Finally, The Goldman Sachs Group raised their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.79.
Hasbro Trading Up 0.1%
Hasbro (NASDAQ:HAS – Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business posted $0.46 earnings per share. Hasbro’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, equities research analysts expect that Hasbro will post 5.66 earnings per share for the current fiscal year.
Hasbro Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro’s dividend payout ratio (DPR) is -119.15%.
Insider Activity
In related news, CFO Gina M. Goetter sold 12,429 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 7,773 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the sale, the insider directly owned 36,528 shares of the company’s stock, valued at $3,762,384. This trade represents a 17.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 413,342 shares of company stock worth $42,241,679 over the last three months. 0.85% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hasbro
Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Hasbro in the fourth quarter worth approximately $147,748,000. Bank of America Corp DE boosted its holdings in Hasbro by 128.7% in the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after purchasing an additional 1,677,962 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Hasbro by 454.3% in the first quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock worth $68,085,000 after purchasing an additional 596,167 shares during the last quarter. Finally, Amundi boosted its holdings in Hasbro by 55.5% in the fourth quarter. Amundi now owns 1,403,288 shares of the company’s stock worth $115,070,000 after purchasing an additional 501,117 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.
Key Headlines Impacting Hasbro
Here are the key news stories impacting Hasbro this week:
- Positive Sentiment: Preliminary Q1 revenue topped estimates and management gave Q1 revenue guidance of $970M–$985M, well above consensus — the company said growth was broad-based and reiterated full-year guidance. Hasbro Announces Preliminary First Quarter 2026 Financial Results
- Positive Sentiment: Demand for Magic: The Gathering was cited as a key driver of the beat, supporting margins and operating profit improvement prospects. Hasbro Preliminary Revenue Beats Estimates, Buoyed by ‘Magic’
- Positive Sentiment: Wall Street responded: Morgan Stanley raised its price target to $122 (overweight) and JPMorgan to $125 (overweight), implying sizable upside from current levels. Morgan Stanley Raises Hasbro Price Target JPMorgan Raises Hasbro Price Target
- Neutral Sentiment: Company statement and media coverage note deliveries for key products (including Magic) have not been materially disrupted by the cyber incident, which limits near-term operational risk. ‘Magic: The Gathering’ players shouldn’t worry
- Neutral Sentiment: Product/newsflow: Hasbro revealed new Transformers figures for fall 2026 — positive for brand/licensing momentum but unlikely to move near-term results materially. Hasbro Reveals 3 New Transformers Figures
- Negative Sentiment: Hasbro disclosed an unauthorized network access that prompted a delay in filing full Q1 results; the investigation and any potential remediation costs or data issues add execution and reputational risk until resolved. Hasbro delays quarterly results after cybersecurity incident
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.
Further Reading
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