Jefferies Group LLC restated their buy rating on shares of Hasbro, Inc. (NASDAQ:HAS) in a report published on Friday, July 21st. The brokerage currently has a $125.00 price target on the stock.
A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Hasbro from a buy rating to a strong-buy rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded shares of Hasbro from a hold rating to a strong-buy rating and set a $117.00 price target for the company in a research report on Thursday, April 27th. Barclays PLC reduced their price target on shares of Hasbro from $109.00 to $95.00 and set an equal weight rating for the company in a research report on Wednesday, April 26th. Argus started coverage on shares of Hasbro in a research report on Friday, June 16th. They set a buy rating and a $128.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $110.00 price target on shares of Hasbro in a research report on Monday, April 3rd. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $106.69.
Hasbro (NASDAQ HAS) traded up 0.64% during trading on Friday, reaching $98.96. The company had a trading volume of 882,564 shares. Hasbro has a 1-year low of $76.14 and a 1-year high of $116.20. The firm has a 50-day moving average of $107.45 and a 200-day moving average of $101.89. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 21.43 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts anticipate that Hasbro will post $5.07 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.30%. Hasbro’s payout ratio is currently 49.35%.
In other Hasbro news, EVP Wiebe Tinga sold 25,000 shares of Hasbro stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00. Following the completion of the sale, the executive vice president now directly owns 85,630 shares of the company’s stock, valued at approximately $8,906,376.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 152,341 shares of Hasbro stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $100.50, for a total transaction of $15,310,270.50. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at $2,928,570. The disclosure for this sale can be found here. Insiders sold a total of 967,258 shares of company stock valued at $101,532,888 over the last ninety days. 11.00% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in HAS. Mountain Capital Investment Advisors Inc bought a new stake in shares of Hasbro during the second quarter valued at about $268,000. Public Employees Retirement System of Ohio boosted its stake in shares of Hasbro by 124.4% in the second quarter. Public Employees Retirement System of Ohio now owns 110,723 shares of the company’s stock valued at $12,347,000 after buying an additional 61,374 shares in the last quarter. National Asset Management Inc. boosted its stake in shares of Hasbro by 6.5% in the second quarter. National Asset Management Inc. now owns 2,718 shares of the company’s stock valued at $305,000 after buying an additional 166 shares in the last quarter. Piedmont Investment Advisors LLC boosted its stake in shares of Hasbro by 290.0% in the second quarter. Piedmont Investment Advisors LLC now owns 54,693 shares of the company’s stock valued at $6,099,000 after buying an additional 40,670 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Hasbro by 5.2% in the second quarter. Sterling Capital Management LLC now owns 36,443 shares of the company’s stock valued at $4,064,000 after buying an additional 1,795 shares in the last quarter. 79.23% of the stock is owned by institutional investors.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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