Hasbro (NASDAQ:HAS) Price Target Raised to $95.00

by · The Cerbat Gem

Hasbro (NASDAQ:HAS – Free Report) had its target price boosted by Jefferies Financial Group from $90.00 to $95.00 in a report issued on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

HAS has been the topic of several other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 22nd. UBS Group lifted their price objective on Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, November 14th. The Goldman Sachs Group upped their target price on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $94.00 price objective on shares of Hasbro in a report on Sunday, December 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Check Out Our Latest Stock Report on HAS

Hasbro Stock Performance

Shares of HAS stock opened at $82.00 on Monday. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of -20.45, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. Hasbro has a one year low of $49.00 and a one year high of $85.14. The company’s 50-day moving average is $79.84 and its 200 day moving average is $77.50.

Hasbro (NASDAQ:HAS – Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Sell-side analysts expect that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Hasbro’s dividend payout ratio is currently -69.83%.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the transaction, the director owned 17,102 shares in the company, valued at $1,320,958.48. This trade represents a 18.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirabella Financial Services LLP purchased a new position in shares of Hasbro during the 3rd quarter valued at $269,000. Allworth Financial LP raised its holdings in Hasbro by 41.0% during the third quarter. Allworth Financial LP now owns 2,684 shares of the company’s stock valued at $204,000 after acquiring an additional 780 shares during the period. Groupama Asset Managment lifted its position in shares of Hasbro by 32.1% in the third quarter. Groupama Asset Managment now owns 11,146 shares of the company’s stock valued at $845,000 after acquiring an additional 2,708 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hasbro by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 744,270 shares of the company’s stock valued at $56,455,000 after acquiring an additional 147,227 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Hasbro in the third quarter worth about $1,032,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Company Profile

(Get Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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