Jefferies Financial Group Forecasts Strong Price Appreciation for Hasbro (NASDAQ:HAS) Stock

Hasbro (NASDAQ:HAS) had its target price hoisted by equities research analysts at Jefferies Financial Group from $90.00 to $95.00 in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 14.91% from the company’s current price.

Several other research analysts have also recently issued reports on HAS. Wolfe Research upped their price target on Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Roth Capital set a $96.00 target price on Hasbro and gave the stock a “buy” rating in a report on Friday, October 24th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Bank of America upped their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.31.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $82.67 on Monday. Hasbro has a twelve month low of $49.00 and a twelve month 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 50-day moving average of $79.70 and a two-hundred day moving average of $77.46. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of -20.62, a PEG ratio of 1.61 and a beta of 0.55.

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

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the transaction, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently made changes to their positions in HAS. United Capital Financial Advisors LLC increased its holdings in Hasbro by 2.2% in the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares during the last quarter. Clarius Group LLC grew its position in Hasbro by 0.6% in the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock worth $1,766,000 after acquiring an additional 146 shares in the last quarter. Kaufman Rossin Wealth LLC increased its stake in shares of Hasbro by 4.1% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock worth $291,000 after purchasing an additional 151 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Hasbro by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock valued at $2,156,000 after purchasing an additional 151 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Hasbro by 2.0% in the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock valued at $578,000 after purchasing an additional 152 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.