Hasbro’s (HAS) “Buy” Rating Reaffirmed at KeyCorp

KeyCorp reissued their buy rating on shares of Hasbro, Inc. (NASDAQ:HAS) in a research note released on Tuesday, October 24th. The firm currently has a $105.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. DA Davidson reiterated a buy rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a buy rating and set a $125.00 price target on shares of Hasbro in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Hasbro from a hold rating to a buy rating and set a $125.00 price target on the stock in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Hasbro from a strong-buy rating to a buy rating in a research report on Saturday, August 12th. One equities research 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 company currently has an average rating of Hold and a consensus target price of $106.86.

Shares of Hasbro (NASDAQ HAS) opened at $91.45 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $11,390.65, a PE ratio of 19.50, a PEG ratio of 1.83 and a beta of 0.87. Hasbro has a 52-week low of $77.20 and a 52-week high of $116.20.

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

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In other Hasbro news, Director Alan G. Hassenfeld sold 262,177 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $95.04, for a total value of $24,917,302.08. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at approximately $2,769,465.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Davis sold 1,500 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $97.57, for a total value of $146,355.00. Following the completion of the sale, the executive vice president now owns 39,125 shares of the company’s stock, valued at $3,817,426.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 456,006 shares of company stock worth $43,611,776. Corporate insiders own 11.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew 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 acquiring an additional 73,378 shares during the period. Farr Miller & Washington LLC DC acquired a new stake in Hasbro during the third quarter worth about $280,000. Twin Capital Management Inc. grew its holdings in Hasbro by 52.3% during the third quarter. Twin Capital Management Inc. now owns 26,270 shares of the company’s stock worth $2,566,000 after acquiring an additional 9,025 shares during the period. LVW Advisors LLC purchased a new position in Hasbro during the third quarter worth approximately $260,000. Finally, Cadence Capital Management LLC boosted its position in Hasbro by 313.1% during the third quarter. Cadence Capital Management LLC now owns 13,016 shares of the company’s stock worth $1,271,000 after purchasing an additional 9,865 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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