Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research report issued on Tuesday.
Several other research firms have also weighed in on HAS. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a report on Friday, May 19th. DA Davidson reiterated a “buy” rating and set a $121.00 target price (up from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research note on Friday, July 21st. Finally, KeyCorp reissued an “overweight” rating and issued a $112.00 price target on shares of Hasbro in a research note on Wednesday, August 30th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $106.04.
Shares of Hasbro (HAS) traded down 0.05% on Tuesday, reaching $95.75. The company’s stock had a trading volume of 228,791 shares. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 20.74 and a beta of 0.92. Hasbro has a 52 week low of $76.14 and a 52 week high of $116.20. The stock has a 50-day moving average of $99.20 and a 200 day moving average of $102.24.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same period last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts expect that Hasbro will post $5.07 EPS for the current year.
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In related news, President John Frascotti sold 25,658 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total value of $2,432,634.98. Following the transaction, the president now owns 105,615 shares of the company’s stock, valued at approximately $10,013,358.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alan G. Hassenfeld sold 280,906 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock valued at $145,144,664 over the last 90 days. 11.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HAS. Acrospire Investment Management LLC lifted its position in Hasbro by 11.1% in the 1st quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after acquiring an additional 100 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Hasbro by 337.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in Hasbro in the 1st quarter valued at about $119,000. Meeder Asset Management Inc. purchased a new stake in Hasbro in the 1st quarter valued at about $131,000. Finally, Oakworth Capital Inc. increased its stake in Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after buying an additional 81 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.
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.
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