Hasbro (NASDAQ:HAS) Price Target Raised to $112.00

Hasbro (NASDAQ:HASFree Report) had its target price raised by Jefferies Financial Group from $95.00 to $112.00 in a research report sent to investors on Friday,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. Seaport Research Partners raised shares of Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Wolfe Research increased their target price on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. UBS Group boosted their price target on shares of Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Morgan Stanley increased their price objective on Hasbro from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $96.18.

Get Our Latest Stock Analysis on HAS

Hasbro Price Performance

Shares of HAS opened at $93.84 on Friday. The business’s 50-day moving average is $85.49 and its two-hundred day moving average is $80.23. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $97.41. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The company has a market capitalization of $13.17 billion, a P/E ratio of -23.40, a P/E/G ratio of 1.68 and a beta of 0.56.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. increased its stake in Hasbro by 4,246.5% in the third quarter. TD Waterhouse Canada Inc. now owns 80,193 shares of the company’s stock valued at $6,040,000 after acquiring an additional 78,348 shares during the last quarter. Prudential Financial Inc. increased its position in Hasbro by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock valued at $11,759,000 after purchasing an additional 19,752 shares during the period. AGF Management Ltd. bought a new stake in Hasbro during the 3rd quarter valued at approximately $895,000. Truist Financial Corp grew its position in shares of Hasbro by 28.7% in the 3rd quarter. Truist Financial Corp now owns 54,210 shares of the company’s stock worth $4,112,000 after buying an additional 12,084 shares during the period. Finally, Picton Mahoney Asset Management grew its stake in shares of Hasbro by 249.9% in the 2nd quarter. Picton Mahoney Asset Management now owns 205,967 shares of the company’s stock worth $15,203,000 after buying an additional 147,104 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

About Hasbro

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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

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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