The price of Hasbro Inc. (NASDAQ:HAS) shares last traded on Wall Street fell -0.29% to $62.70.
Based on available information, 12 analysts follow Hasbro Inc. (NASDAQ:HAS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $89.00 and a low of $64.00, we find $74.50. Given the previous closing price of $62.88, this indicates a potential upside of 18.48 percent. HAS stock price is now 0.70% away from the 50-day moving average and 5.30% away from the 200-day moving average. The market capitalization of the company currently stands at $8.72B.
Among analysts, 3 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $73.90 as their price target over the next twelve months.
With the price target enhanced from $42 to $63, BofA Securities Upgraded its rating from Underperform to Neutral for Hasbro Inc. (NASDAQ: HAS).
Insiders disposed of 39,857 shares of company stock worth roughly $2.5 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HAS stock. A new stake in Hasbro Inc. shares was purchased by SOUTHEASTERN ASSET MANAGEMENT INC/TN/ during the first quarter worth $41,837,000. MARSHALL WACE, LLP invested $34,671,000 in shares of HAS during the first quarter. In the first quarter, ARMISTICE CAPITAL, LLC acquired a new stake in Hasbro Inc. valued at approximately $27,431,000. MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in HAS for approximately $26,316,000. DAVIDSON KEMPNER PARTNERS purchased a new stake in HAS valued at around $21,945,000 in the second quarter.
A candlestick chart of Hasbro Inc. (NASDAQ: HAS) showed a price of $63.80 on Friday morning. During the past 12 months, Hasbro Inc. has had a low of $45.75 and a high of $84.19. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 1.30, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $12.28B, which is based on a 72.91 price-to-earnings ratio, a 270.03 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for HAS is $62.28 and a two-hundred day moving average price translates $59.52 for the stock.
The latest earnings results from Hasbro Inc. (NASDAQ: HAS) was released for Apr, 2023. According to the Leisure Company, earnings per share came in at $0.01, inline with analysts’ expectations of $0.01. This compares to $0.45 EPS in the same period last year. The net profit margin was 2.10% and return on equity was 4.20% for HAS. The company reported revenue of $1.0 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.94 percent. For the current quarter, analysts expect HAS to generate $1.11B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 08/01/2023 were paid a $0.70 dividend. On an annualized basis, this represents a $2.80 dividend and a 4.47% percent yield. There was an ex-dividend date of 07/31/2023 for this dividend. In terms of dividend payout ratio, HAS is presently at 324.50%.
Hasbro Inc.(HAS) Company Profile
Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels. Its toys and games include action figures, arts and crafts and creative play products, fashion and other dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparels, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading card, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, acquisition, production, distribution, and sale of world-class entertainment content, including film, scripted and unscripted television, family programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as ecommerce retailers; and directly to customer through Hasbro PULSE e-commerce website. The company was founded in 1923 and is headquartered in Pawtucket, Rhode Island.
