Hasbro, Inc. (HAS) PT Set at $124.00 by DA Davidson

Hasbro, Inc. (NASDAQ:HAS) has been given a $124.00 target price by equities researchers at DA Davidson in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 30.87% from the stock’s previous close.

HAS has been the topic of several other reports. Jefferies Group LLC set a $125.00 price objective on shares of Hasbro and gave the company a “buy” rating in a report on Monday, August 21st. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Hasbro in a research note on Tuesday, October 24th. Finally, Barclays PLC raised shares of Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 target price for the company in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $106.69.

Shares of Hasbro (NASDAQ HAS) traded down $1.23 during midday trading on Tuesday, reaching $94.75. 1,424,300 shares of the company traded hands, compared to its average volume of 1,364,489. Hasbro has a fifty-two week low of $77.20 and a fifty-two week high of $116.20. The firm has a market capitalization of $11,954.85, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business posted $2.03 earnings per share. Hasbro’s revenue was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Hasbro will post 5 earnings per share for the current fiscal year.

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In related news, EVP Stephen J. Davis sold 937 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $94.96, for a total transaction of $88,977.52. Following the completion of the transaction, the executive vice president now owns 40,888 shares in the company, valued at $3,882,724.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan G. Hassenfeld sold 17,834 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $95.30, for a total transaction of $1,699,580.20. Following the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,777,042. The disclosure for this sale can be found here. Insiders have sold 455,730 shares of company stock valued at $43,584,309 in the last three months. 11.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Hasbro by 5.7% during the second quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock worth $1,436,475,000 after purchasing an additional 695,231 shares during the last quarter. BlackRock Inc. boosted its holdings in Hasbro by 7.6% during the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock worth $1,101,787,000 after purchasing an additional 700,898 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Hasbro by 2.7% during the third quarter. Wells Fargo & Company MN now owns 2,841,298 shares of the company’s stock worth $277,509,000 after purchasing an additional 73,378 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Hasbro by 6.3% during the third quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock worth $226,136,000 after purchasing an additional 137,568 shares during the last quarter. Finally, FMR LLC boosted its holdings in Hasbro by 70.2% during the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock worth $234,631,000 after purchasing an additional 868,073 shares during the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

About Hasbro

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.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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