Argus Boosts Hasbro (NASDAQ:HAS) Price Target to $105.00

Hasbro (NASDAQ:HAS) had its target price boosted by stock analysts at Argus from $90.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Argus’ price target would indicate a potential upside of 18.26% from the stock’s previous close.

A number of other equities analysts have also weighed in on HAS. Weiss Ratings lowered shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Bank of America cut their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Wells Fargo & Company lowered their price target on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. Finally, Morgan Stanley increased their price objective on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.36.

Hasbro Stock Up 1.6%

NASDAQ:HAS opened at $88.79 on Thursday. The firm has a market cap of $12.56 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.61 and a beta of 0.49. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.49 and a current ratio of 1.66. Hasbro has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The firm has a 50-day simple moving average of $84.22 and a two-hundred day simple moving average of $90.36.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. Analysts predict that Hasbro will post 6.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of HAS. Vanguard Group Inc. increased its position in Hasbro by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after acquiring an additional 453,038 shares during the last quarter. State Street Corp boosted its position in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after purchasing an additional 131,678 shares during the last quarter. AQR Capital Management LLC boosted its position in Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hasbro by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after purchasing an additional 122,592 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after purchasing an additional 651,790 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Argus raised its price target on Hasbro to $105 from $90 and reiterated a buy rating, implying additional upside from recent trading levels.
• Positive Sentiment: Hasbro unveiled My Little Pony: Forever Friendship, a new animated YouTube series set to premiere in early 2027, adding another way to monetize its valuable intellectual property. Article Title
• Positive Sentiment: Hasbro also expanded its licensed toy lineup with new Legend of Zelda, Transformers, and Street Fighter figure reveals, showing ongoing strength in its entertainment-driven product pipeline.
• Neutral Sentiment: Recent commentary about Hasbro’s growth strategy shifting toward “kidults” highlights the company’s effort to broaden its audience, but it is more of a strategic narrative than a near-term catalyst.
• Neutral Sentiment: Short interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be influencing the stock today.
• Negative Sentiment: A report on Hasbro scaling back parts of its gaming ambitions after a $56 million loss could raise concerns about profitability in its gaming segment, even though some projects remain safe.
• Negative Sentiment: JPMorgan reportedly lowered its price target to $111, which may temper enthusiasm somewhat despite the target still being above the current share price.

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.