Hasbro (NASDAQ:HAS) had its price objective boosted by investment analysts at MKM Partners from $118.00 to $125.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has a “buy” rating on the stock. MKM Partners’ target price would indicate a potential upside of 21.03% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. SunTrust Banks lowered their target price on shares of Hasbro from $118.00 to $102.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. ValuEngine downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. BMO Capital Markets lowered their target price on shares of Hasbro from $105.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. UBS Group raised shares of Hasbro from a “neutral” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Monday, November 25th. Finally, BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 30th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $118.71.
NASDAQ:HAS traded down $0.63 on Tuesday, hitting $103.28. The company had a trading volume of 17,753 shares, compared to its average volume of 920,013. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.08 and a beta of 1.04. The company has a current ratio of 2.33, a quick ratio of 1.93 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $103.25 and a two-hundred day moving average of $108.53. Hasbro has a 52 week low of $82.87 and a 52 week high of $126.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.38). The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a net margin of 5.59% and a return on equity of 30.40%. Hasbro’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 EPS. As a group, equities analysts forecast that Hasbro will post 3.79 EPS for the current year.
In other news, EVP Stephen J. Davis sold 13,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $105.06, for a total transaction of $1,365,780.00. Following the completion of the sale, the executive vice president now directly owns 52,238 shares of the company’s stock, valued at $5,488,124.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management LLC bought a new position in Hasbro in the second quarter worth about $32,243,000. Worldquant Millennium Advisors LLC raised its holdings in Hasbro by 16.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 44,881 shares of the company’s stock worth $4,743,000 after purchasing an additional 6,421 shares in the last quarter. Columbus Circle Investors bought a new position in Hasbro in the third quarter worth about $10,346,000. Veritas Investment Management LLP raised its holdings in Hasbro by 2.4% in the third quarter. Veritas Investment Management LLP now owns 437,880 shares of the company’s stock worth $51,981,000 after purchasing an additional 10,065 shares in the last quarter. Finally, Wakefield Asset Management LLLP bought a new position in Hasbro in the third quarter worth about $1,195,000. Hedge funds and other institutional investors own 85.29% of the company’s stock.
Hasbro Company Profile
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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