Hasbro (NASDAQ:HAS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.
HAS has been the topic of several other research reports. Stifel Nicolaus boosted their price objective on shares of Hasbro from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. DA Davidson boosted their price objective on shares of Hasbro to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. B. Riley boosted their price objective on shares of Hasbro from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Jefferies Financial Group set a $120.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Finally, Barclays boosted their price objective on shares of Hasbro from $100.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.33.
Shares of HAS traded up $0.74 during trading hours on Thursday, reaching $98.29. 1,460,464 shares of the company traded hands, compared to its average volume of 1,830,524. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.98 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 announced its earnings results on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 EPS. On average, research analysts forecast that Hasbro will post 4.25 EPS for the current fiscal year.
In other news, CFO Deborah Thomas sold 19,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $100.83, for a total transaction of $1,984,636.89. Following the completion of the transaction, the chief financial officer now directly owns 97,083 shares of the company’s stock, valued at $9,788,878.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Goldner acquired 11,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were bought at an average cost of $91.80 per share, with a total value of $1,009,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 75,971 shares of company stock worth $7,697,608. Insiders own 9.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its holdings in Hasbro by 87.8% during 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 last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Hasbro during the second quarter valued at approximately $136,000. Bbva Compass Bancshares Inc. purchased a new stake in Hasbro during the third quarter valued at approximately $179,000. Cerebellum GP LLC purchased a new stake in Hasbro during the second quarter valued at approximately $165,000. Finally, Cape ANN Savings Bank purchased a new stake in Hasbro during the third quarter valued at approximately $205,000. 80.12% of the stock is 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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