The stock of Hasbro Inc. (NASDAQ:HAS) increased by $0.88 on Monday to $70.56, up 1.26 percent. The last five days have seen an average of 2,296,092 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $9.49. The average number of shares traded over the last 20 days was 1,730,293, while the average volume over the last 50 days totaled 1,605,313.
HAS stock appreciated 12.53% since last month. On 08/18/23, the company’s shares reached a one-month low of $62.80. The stock touched a high of $83.75 on 08/28/23, after rallying from a low of $45.75 in 52 weeks. The price of HAS stock has risen by 15.65% or $9.49 this year, reaching a new high 10 times. Still, the stock price is down -15.75% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.70. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 4.01, and the price-to-cash flow ratio of 69.24.
Company paid $0.70 per share in dividends, remained unchanged from $0.70 last year.
Financial Health
For the three months ended June 29, Hasbro Inc.’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.50, and the total debt to equity ratio is 1.59. As far as profitability goes, gross margin for the trailing twelve months is 59.20% percent. Hasbro Inc.’s EBITDA margin for the year ended June 29 was 20.47%, whereas its operating margin stood at -1.80% for the same period. Based on annual data, it had gross profit of $3.94 billion and revenue of $5.86 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HAS’s return on assets (ROA) during the last 12 months has been -2.80%. There was a 5.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -9.40%.
Earnings Surprise
According to Hasbro Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.21 billion, while revenues fell by -10.68% to $1.0 billion. It was predicted that Hasbro Inc.’s quarterly earnings would be $0.49, but it ended up being $0.57, beating the consensus by -14.00%. EBITDA was $64.3 million for the quarter. At the end of Hasbro Inc.’s most recent quarter ended June 29, its liabilities totaled 6.14 billion, while its total debt was $4.07 billion. Equity owned by shareholders amounts to $138.74 million.
Technical Picture
Here’s a quick look at Hasbro Inc.’s (HAS) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 71.05%, suggesting the stock is Overbought, with a 44.99% historical volatility rate.
The stochastic %K and %D were 80.93% and 74.74% respectively, while the average true range (ATR) was 1.98. Based on the 14-day stochastic reading of 96.61%, the RSI (14) reading is 67.24%. On the 9-day MACD Oscillator, the stock is at 2.49, and the 14-day reading is at 2.81.
Analyst Ratings
In a note to investors, Stifel maintained its a Buy rating on Hasbro Inc. (NASDAQ: HAS). However, the firm raised their price target to $94, indicating a possible increase of 10.68% in the stock price. Analysts have assigned Hasbro Inc. (HAS) an Buy rating. HAS is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is HAS’s price target for the next 12 months?
The current consensus forecast for the stock is between $64.00 and $94.00, with a median target price of $80.00. In analyzing these forecasts, the average price target given by analysts for Hasbro Inc. (HAS) is $79.22.
