Brokerages Set Hasbro, Inc. (NASDAQ:HAS) PT at $113.07

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $113.0714.

Several equities analysts have recently weighed in on HAS shares. The Goldman Sachs Group raised their price objective on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. UBS Group increased their target price on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Monness Crespi & Hardt raised their target price on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, DA Davidson upped their price target on Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th.

Insider Buying and Selling

In other news, EVP Tarrant L. Sibley sold 15,148 shares of Hasbro stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $104.98, for a total value of $1,590,237.04. Following the transaction, the executive vice president directly owned 50,174 shares of the company’s stock, valued at $5,267,266.52. This trade represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 7,773 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the sale, the insider owned 36,528 shares in the company, valued at $3,762,384. This represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 413,342 shares of company stock worth $42,241,679. Company insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro in the second quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc purchased a new position in shares of Hasbro during the second quarter valued at $28,000. First Horizon Corp acquired a new position in Hasbro during the third quarter valued at $29,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in Hasbro during the third quarter valued at $34,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.9%

Shares of Hasbro stock opened at $89.39 on Friday. The business has a fifty day simple moving average of $95.09 and a 200-day simple moving average of $84.76. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of -38.04 and a beta of 0.54. The company has a quick ratio of 1.24, a current ratio of 1.38 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 (EPS) 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 for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company earned $0.46 earnings per share. Hasbro’s revenue was up 31.3% compared to the same quarter last year. On average, equities analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.1%. Hasbro’s payout ratio is -119.15%.

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.