Hasbro (NASDAQ:HAS) Price Target Raised to $97.00

Hasbro (NASDAQ:HAS) had its price objective increased by Citigroup from $91.00 to $97.00 in a research note released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on HAS. Bank of America increased their price objective on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Monness Crespi & Hardt increased their price objective on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised shares of Hasbro from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Finally, Roth Capital increased their price objective on shares of Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.18.

Hasbro Trading Down 1.6%

Shares of HAS opened at $76.70 on Friday. Hasbro has a 52-week low of $49.00 and a 52-week high of $82.19. The business’s fifty day moving average is $77.01 and its 200-day moving average is $71.52. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of -19.13, a PEG ratio of 0.98 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. Equities analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, November 19th. Hasbro’s payout ratio is currently -69.83%.

Insider Buying and Selling at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares of the company’s stock, valued at $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 in the last three months. Company insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Hasbro by 0.7% in the second quarter. Vanguard Group Inc. now owns 16,574,471 shares of the company’s stock worth $1,223,527,000 after purchasing an additional 110,433 shares during the last quarter. State Street Corp increased its position in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after buying an additional 131,678 shares during the period. Bank of America Corp DE increased its position in shares of Hasbro by 128.7% during the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after buying an additional 1,677,962 shares during the period. Marshall Wace LLP increased its position in shares of Hasbro by 15.1% during the second quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock valued at $194,505,000 after buying an additional 346,637 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after buying an additional 227,477 shares during the period. 91.83% of the stock is owned by institutional investors.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.