Hasbro’s (HAS) “Hold” Rating Reaffirmed at SunTrust Banks

SunTrust Banks reiterated their hold rating on shares of Hasbro (NASDAQ:HAS) in a research note released on Thursday. They currently have a $90.00 price objective on the stock. SunTrust Banks also issued estimates for Hasbro’s Q1 2018 earnings at $0.30 EPS and Q2 2018 earnings at $0.47 EPS.

Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Hasbro from a sell rating to a hold rating in a research report on Tuesday, December 26th. B. Riley started coverage on shares of Hasbro in a research report on Thursday, December 21st. They set a buy rating and a $108.00 price objective for the company. Wells Fargo restated a market perform rating and set a $100.00 price objective (up from $95.00) on shares of Hasbro in a research report on Thursday, February 8th. BidaskClub upgraded shares of Hasbro from a sell rating to a hold rating in a research report on Friday, December 15th. Finally, KeyCorp boosted their price objective on shares of Hasbro from $105.00 to $110.00 and gave the company an overweight rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $105.07.

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Shares of HAS stock traded up $0.58 during trading on Thursday, hitting $87.41. The company had a trading volume of 474,965 shares, compared to its average volume of 1,593,503. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. The stock has a market cap of $10,920.69, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. Hasbro has a one year low of $83.40 and a one year high of $116.20.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. analysts forecast that Hasbro will post 5.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.88%. Hasbro’s dividend payout ratio is 41.76%.

In related news, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.33, for a total value of $577,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barbara Finigan sold 20,408 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.23, for a total value of $2,004,677.84. Following the completion of the sale, the executive vice president now owns 19,422 shares of the company’s stock, valued at $1,907,823.06. The disclosure for this sale can be found here. Insiders have sold 394,435 shares of company stock valued at $38,337,975 over the last quarter. Company insiders own 9.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in Hasbro by 160.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after purchasing an additional 1,145,999 shares during the last quarter. Schroder Investment Management Group raised its position in Hasbro by 1,065.5% in the 4th quarter. Schroder Investment Management Group now owns 1,060,823 shares of the company’s stock worth $96,418,000 after purchasing an additional 969,806 shares during the period. Renaissance Technologies LLC raised its position in Hasbro by 517.6% in the 4th quarter. Renaissance Technologies LLC now owns 752,805 shares of the company’s stock worth $68,422,000 after purchasing an additional 630,905 shares during the period. Wells Fargo & Company MN raised its position in Hasbro by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after purchasing an additional 426,136 shares during the period. Finally, Two Sigma Investments LP purchased a new position in Hasbro in the 4th quarter worth $31,915,000. 80.26% of the stock is currently owned by institutional investors and hedge funds.

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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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