Hasbro (NASDAQ:HAS) Price Target Cut to $114.00 by Analysts at BNP Paribas Exane

Hasbro (NASDAQ:HAS) had its price objective decreased by BNP Paribas Exane from $117.00 to $114.00 in a research note released on Wednesday morning,Benzinga reports. BNP Paribas Exane currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. UBS Group restated a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a research note on Thursday, June 18th. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. Finally, Morgan Stanley upped their price objective on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $110.57.

Hasbro Stock Up 2.7%

Shares of HAS stock opened at $80.51 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The stock has a 50 day moving average of $85.63 and a 200 day moving average of $90.26. Hasbro has a twelve month low of $69.50 and a twelve month high of $106.98. The stock has a market cap of $11.39 billion, a P/E ratio of -48.50, a P/E/G ratio of 1.91 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that Hasbro will post 6.04 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were issued a dividend of $0.70 per share. The ex-dividend date was Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Hasbro’s payout ratio is presently -168.67%.

Hedge Funds Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Hasbro in the 4th quarter worth about $147,748,000. Bank of America Corp DE lifted its holdings in shares of Hasbro by 128.7% in the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after buying an additional 1,677,962 shares during the period. AQR Capital Management LLC boosted its position in shares of Hasbro by 47.3% during the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after purchasing an additional 1,399,499 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Hasbro by 454.3% during the first quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock worth $68,085,000 after buying an additional 596,167 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in shares of Hasbro in the 1st quarter worth $47,671,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: BNP Paribas Exane lowered its price target on Hasbro to $114 from $117, but reiterated an outperform rating, signaling the firm still sees meaningful upside from current levels. BNP Paribas Exane price target update
• Positive Sentiment: Roth Capital also cut its target, to $100 from $120, while keeping a buy rating, which indicates analysts continue to view Hasbro as attractive even after trimming expectations. Roth Capital price target update
• Neutral Sentiment: Hasbro’s NFL-themed Transformers crossover is drawing attention, with a review highlighting the product line as a consumer-interest story that could support merchandising demand, but it is not yet a clear stock-moving catalyst. 49ers Goldrush Transformers Review
• Neutral Sentiment: Hasbro was projected to announce earnings soon, keeping investors focused on whether upcoming results can validate recent analyst optimism or disappointment. Hasbro projected to announce earnings
• Negative Sentiment: Zacks Research downgraded Hasbro from strong-buy to hold, adding to concerns that the stock may have limited near-term momentum despite broader analyst support. Zacks downgrade

Hasbro Company Profile

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.