Hasbro (NASDAQ:HAS) Raised to Strong-Buy at Argus

Hasbro (NASDAQ:HAS) was upgraded by equities researchers at Argus to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Roth Mkm set a $120.00 price target on Hasbro in a research report on Wednesday, February 11th. Wolfe Research upped their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. UBS Group increased their target price on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. DA Davidson raised their target price on Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Morgan Stanley boosted their price target on shares of Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $93.40 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The firm has a 50-day simple moving average of $94.03 and a 200 day simple moving average of $83.82. The company has a market cap of $13.14 billion, a PE ratio of -39.74 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $0.46 earnings per share. Hasbro’s revenue was up 31.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro will post 4.33 EPS for the current year.

Insider Activity at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 15,148 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the sale, the executive vice president directly owned 50,174 shares in the company, valued at $5,267,266.52. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. The trade was a 15.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 413,342 shares of company stock valued at $42,241,679. Insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Hasbro in the fourth quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares during the period. Empowered Funds LLC grew its holdings in Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares during the period. Woodline Partners LP raised its position in Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Hasbro in the 1st quarter valued at about $292,000. Institutional investors own 91.83% of the company’s stock.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: CEO pledge to avoid generative AI in Magic: The Gathering and Dungeons & Dragons preserves brand integrity and reduces risk of community backlash or IP/legal issues — a defensive move that may protect long-term franchise value. Hasbro’s CEO Says ‘Magic: The Gathering’ and ‘Dungeons & Dragons’ Will Never Use Generative AI
• Positive Sentiment: Product pipeline update: Hasbro revealed a new Transformers “Grimlock” Studio Series Titan-class figure — incremental merchandising and collector product news that supports toy/IP revenue streams. Transformers: Age of Extinction Grimlock Studio Series figure revealed by Hasbro
• Neutral Sentiment: Wells Fargo initiated coverage of HAS — initiations can move stock depending on the published rating and price target; investors should check the note for guidance. Wells Fargo & Company Initiates Coverage on Hasbro
• Neutral Sentiment: CEO’s public response to anti–Harry Potter activists signals management’s willingness to defend key franchises — relevant to brand reputation but unlikely to move fundamentals materially. Hasbro CEO tells anti-Harry Potter activists to kick rocks!
• Neutral Sentiment: Analyst commentary: recent write-ups note HAS is down since the earnings report — useful context for momentum traders but not a new company development. Hasbro (HAS) Down 11% Since Last Earnings Report
• Negative Sentiment: Pawtucket job fair signals uncertainty and potential layoffs tied to Hasbro’s departure — raises near-term restructuring risk, local costs and employee-impact headlines that can pressure sentiment. Pawtucket to hold job fair for Hasbro workers, despite not knowing how many jobs will be lost
• Negative Sentiment: Completed $400M senior notes offering increases net debt and leverage at a time when Hasbro already shows high debt-to-equity — could weigh on credit metrics, interest expense and investor risk premium. Hasbro Completes $400 Million Senior Notes Offering

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.