Hasbro (NASDAQ:HAS) had its price target cut by Citigroup from $116.00 to $114.00 in a report issued on Tuesday morning. They currently have a buy rating on the stock.
HAS has been the topic of several other reports. B. Riley boosted their price target on Hasbro from $106.00 to $114.00 and gave the stock a buy rating in a report on Tuesday, July 24th. Barclays lifted their price objective on Hasbro from $100.00 to $117.00 and gave the stock an overweight rating in a research note on Tuesday, July 24th. Stifel Nicolaus lifted their price objective on Hasbro from $93.00 to $94.00 and gave the stock a hold rating in a research note on Tuesday, July 10th. Consumer Edge initiated coverage on Hasbro in a research note on Monday, August 13th. They issued an outperform rating and a $79.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on Hasbro from $75.00 to $85.00 and gave the stock an underperform rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Hasbro has an average rating of Hold and a consensus target price of $105.33.
Shares of NASDAQ:HAS traded up $0.74 during midday trading on Tuesday, hitting $98.29. 1,460,464 shares of the stock were exchanged, compared to its average volume of 1,797,302. The stock has a market cap of $11.64 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.90. Hasbro has a 12 month low of $79.00 and a 12 month high of $109.60.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a return on equity of 34.61% and a net margin of 4.31%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. As a group, equities analysts forecast that Hasbro will post 4.25 EPS for the current year.
In other Hasbro news, SVP Tarrant L. Sibley sold 1,525 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total value of $152,500.00. Following the transaction, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at $2,126,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Goldner purchased 11,000 shares of the company’s stock in a transaction on Monday, October 29th. The stock was acquired at an average cost of $91.80 per share, for a total transaction of $1,009,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 75,971 shares of company stock worth $7,697,608. 9.90% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HAS. Valeo Financial Advisors LLC lifted its stake in Hasbro by 87.8% in the third quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock valued at $118,000 after buying an additional 600 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Hasbro in the second quarter valued at approximately $136,000. Cerebellum GP LLC acquired a new position in Hasbro in the second quarter valued at approximately $165,000. Bbva Compass Bancshares Inc. acquired a new position in Hasbro in the third quarter valued at approximately $179,000. Finally, CenterStar Asset Management LLC lifted its stake in Hasbro by 98.7% in the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock valued at $183,000 after buying an additional 987 shares during the period. 80.12% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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