Hasbro, Inc. (NASDAQ:HAS) was upgraded by stock analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, October 24th, Marketbeat reports. The brokerage presently has a $110.00 price target on the stock. Barclays PLC’s target price indicates a potential upside of 20.28% from the company’s previous close.
A number of other brokerages have also recently weighed in on HAS. Wells Fargo & Company reiterated a “market perform” rating and set a $95.00 price target (down from $100.00) on shares of Hasbro in a research report on Tuesday, October 24th. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price target on shares of Hasbro in a research report on Thursday, August 31st. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus dropped their price target on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, October 16th. Finally, BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $106.86.
Hasbro (NASDAQ:HAS) traded up $2.76 during trading on Tuesday, reaching $91.45. 1,421,900 shares of the company traded hands, compared to its average volume of 2,021,067. Hasbro has a 52-week low of $77.20 and a 52-week high of $116.20. The firm has a market capitalization of $11,390.65, a PE ratio of 19.50, a P/E/G ratio of 1.83 and a beta of 0.87. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $2.03 earnings per share. Hasbro’s revenue was up 6.6% compared to the same quarter last year. research analysts anticipate that Hasbro will post 5 earnings per share for the current fiscal year.
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In other Hasbro news, EVP Stephen J. Davis sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $97.57, for a total transaction of $146,355.00. Following the sale, the executive vice president now owns 39,125 shares of the company’s stock, valued at $3,817,426.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 276 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total transaction of $27,467.52. Following the sale, the director now directly owns 29,140 shares in the company, valued at approximately $2,900,012.80. The disclosure for this sale can be found here. Insiders sold 456,006 shares of company stock valued at $43,611,776 in the last quarter. 11.00% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after acquiring an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in shares of Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after acquiring an additional 32 shares during the period. Oakworth Capital Inc. increased its holdings in shares of Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after acquiring an additional 81 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Hasbro in the 2nd quarter valued at $155,000. Finally, Highstreet Asset Management Inc. increased its holdings in shares of Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares during the period. 78.17% of the stock is currently 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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