Bank of America Cuts Hasbro (NASDAQ:HAS) Price Target to $105.00

Hasbro (NASDAQ:HAS) had its price objective trimmed by Bank of America from $115.00 to $105.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings cut Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Wells Fargo & Company reduced their price objective on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. Roth Capital decreased their target price on Hasbro from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Finally, DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.71.

Hasbro Stock Down 0.7%

Shares of NASDAQ HAS opened at $81.55 on Thursday. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of -49.13, a price-to-earnings-growth ratio of 1.98 and a beta of 0.49. Hasbro has a 52 week low of $69.50 and a 52 week high of $106.98. The firm has a 50-day moving average price of $85.00 and a 200 day moving average price of $90.20. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Hasbro will post 6.04 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio is currently -168.67%.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the second quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new position in shares of Hasbro during the second quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after acquiring an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in Hasbro during the first quarter worth approximately $37,000. Hedge funds and other 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: Hasbro announced a licensing partnership with Nintendo to produce The Legend of Zelda toys and related products, with the first reveal coming soon and products expected to roll out starting in 2027. The deal could strengthen Hasbro’s collectibles and action-figure business by tying it to one of gaming’s most valuable franchises. Article Title
• Positive Sentiment: Hasbro also unveiled new KPop Demon Hunters role-playing toys, signaling continued momentum in licensing-driven product launches that can help refresh the company’s toy lineup and broaden its appeal. Article Title
• Positive Sentiment: Hasbro’s partnership with Get After It Media on a new streaming channel suggests the company is expanding beyond toys into media and digital content, which could create additional brand exposure and monetization opportunities. Article Title
• Neutral Sentiment: Investors are also watching Hasbro ahead of its second-quarter earnings report on July 21, after the company beat expectations in the prior quarter. The upcoming results should be a key catalyst for the stock. Article Title
• Negative Sentiment: On the cautious side, Zacks Research trimmed several long-term earnings estimates for Hasbro and kept a Hold rating, which may temper enthusiasm even though the changes were small. Article Title

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.