Hasbro (NASDAQ:HAS) Now Covered by Analysts at BNP Paribas Exane

Investment analysts at BNP Paribas Exane started coverage on shares of Hasbro (NASDAQ:HAS) in a research note issued on Wednesday. The firm set an “outperform” rating and a $118.00 price target on the stock. BNP Paribas Exane’s price objective would indicate a potential upside of 18.24% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Hasbro in a report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research note on Wednesday, February 11th. Finally, Wolfe Research boosted their target price on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $114.08.

Hasbro Stock Up 1.6%

Hasbro stock opened at $99.80 on Wednesday. Hasbro has a 52 week low of $49.00 and a 52 week high of $106.98. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of -42.47, a PEG ratio of 1.70 and a beta of 0.56. The company’s 50-day moving average price is $90.23 and its two-hundred day moving average price is $82.36. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, analysts expect that Hasbro will post 4.33 EPS for the current fiscal year.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 7,773 shares of Hasbro stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares in the company, valued at $3,762,384. The trade was a 17.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the transaction, the chief financial officer owned 68,221 shares in the company, valued at $7,058,144.66. This represents a 15.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 216,931 shares of company stock worth $22,535,763. 0.85% of the stock is owned by company insiders.

Institutional Trading of Hasbro

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after purchasing an additional 453,038 shares in the last quarter. State Street Corp increased its position in Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares during the last quarter. AQR Capital Management LLC increased its position in Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after buying an additional 1,399,499 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after buying an additional 651,790 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

About Hasbro

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.