Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
Hasbro Inc (NASDAQ:HAS). stock reached a new 52-week high, hitting 82.02 USD, marking a significant milestone for the $11.5 billion market cap company. This achievement highlights a robust performance, with the stock delivering an impressive 46.34% year-to-date return and maintaining a steady 3.53% dividend yield, supported by 45 consecutive years of dividend payments. The toy and entertainment giant has been on an upward trajectory, reflecting investor confidence and positive market sentiment. With an impressive 63.3% gross profit margin and analyst price targets reaching $95, this 52-week high underscores Hasbro’s resilience and growth potential in a competitive industry. InvestingPro analysis indicates the stock is slightly overvalued at current levels, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other top stocks.
In other recent news, Hasbro reported strong second-quarter 2025 earnings, significantly surpassing expectations. The company achieved an earnings per share (EPS) of $1.30, well above the anticipated $0.78, and revenue of $980.8 million, exceeding forecasts by 12.14%. Following these results, several firms adjusted their outlooks on Hasbro. UBS raised its price target to $88 from $82, citing the company’s gaming strength and increased its earnings per share estimates for 2025 and 2026. Citi also increased its price target to $91, highlighting the strength of Hasbro’s Wizards of the Coast division. DA Davidson adjusted its price target to $80, noting that recent trade deals have mitigated tariff impacts, though they cautioned about rising costs in the third quarter. Despite these positive developments, Hasbro’s stock experienced a slight dip in pre-market trading. These recent developments reflect a positive outlook from analysts on Hasbro’s future performance.
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