Hasbro, Inc. (NASDAQ:HAS) has earned a consensus rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $106.45.
HAS has been the subject of several research analyst reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Hasbro in a research note on Thursday, August 31st. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Monday, October 2nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $124.00 price target (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th.
In other news, EVP Stephen J. Davis sold 1,500 shares of Hasbro stock in a transaction that occurred on Thursday, August 31st. The stock was 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 approximately $3,817,426.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan G. Hassenfeld sold 99,615 shares of Hasbro stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.39, for a total value of $9,701,504.85. Following the sale, the director now directly owns 29,140 shares in the company, valued at approximately $2,837,944.60. The disclosure for this sale can be found here. Insiders sold a total of 455,730 shares of company stock worth $43,584,309 in the last ninety days. Insiders own 11.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Nationwide Fund Advisors grew its holdings in shares of Hasbro by 128.5% during the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock worth $24,198,000 after purchasing an additional 122,023 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Hasbro by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock worth $21,752,000 after buying an additional 2,500 shares during the period. Federated Investors Inc. PA lifted its position in shares of Hasbro by 121.6% during the 2nd quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock worth $646,000 after buying an additional 3,181 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Hasbro by 16.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 85,686 shares of the company’s stock worth $9,555,000 after buying an additional 12,246 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Hasbro by 311.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock worth $242,840,000 after buying an additional 1,648,675 shares during the period. 79.27% of the stock is currently owned by institutional investors.
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Shares of Hasbro (NASDAQ:HAS) opened at $95.89 on Monday. The stock has a market capitalization of $11,943.64, a PE ratio of 20.45, 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 has a one year low of $77.20 and a one year high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 EPS. analysts predict that Hasbro will post 5 earnings per share for the current year.
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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