Toy maker Hasbro, Inc. ( HAS
The firm also set a $56 price target on HAS stock, which had closed at $40.12 on Monday.
Goldman noted that recent toy sales have accelerated, profit in the industry is rising, and that valuations have remained relatively low at a 5-10% discount to the S&P average. The analyst also pointed to the third "Transformers" movie, a recently-won Sesame Street license, and a recent share buyback as catalysts to drive Hasbro higher.
Hasbro shares were mostly flat in premarket trading Tuesday.
The Bottom Line
We have been recommending shares of HAS since Feb.8, when the stock was trading at $30.80. The company has a 2.49% dividend yield, based on last night's closing stock price of $40.12.
Hasbro, Inc. ( HAS ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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