DA Davidson Reiterates $124.00 Price Target for Hasbro, Inc. (HAS)
Other research analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their price target on shares of Hasbro from $109.00 to $104.00 and set a hold rating for the company in a research note on Monday, October 16th. BidaskClub downgraded shares of Hasbro from a strong-buy rating to a buy rating in a research note on Saturday, August 12th. Jefferies Group LLC reiterated a buy rating and issued a $125.00 price target on shares of Hasbro in a research note on Thursday, August 31st. Zacks Investment Research downgraded shares of Hasbro from a buy rating to a hold rating in a research note on Wednesday, August 16th. Finally, Barclays PLC upgraded shares of Hasbro from an equal weight rating to an overweight rating and set a $110.00 price target for the company in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Hasbro has a consensus rating of Hold and a consensus target price of $106.69.
Shares of Hasbro (NASDAQ HAS) traded down $0.01 on Tuesday, hitting $95.89. 1,080,805 shares of the company’s stock were exchanged, compared to its average volume of 1,361,434. Hasbro has a 1-year low of $77.20 and a 1-year high of $116.20. The firm has a market capitalization of $11,940.00, a PE ratio of 20.47, a PEG ratio of 1.92 and a beta of 0.87. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts forecast that Hasbro will post 5 earnings per share for the current year.
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In other news, Director Alan G. Hassenfeld sold 99,615 shares of Hasbro stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total value of $9,701,504.85. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,837,944.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John Frascotti sold 25,658 shares of Hasbro stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the transaction, the president now directly owns 105,615 shares in the company, valued at $10,013,358.15. The disclosure for this sale can be found here. Insiders sold a total of 455,730 shares of company stock worth $43,584,309 over the last ninety days. Corporate insiders own 11.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after acquiring an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after buying an additional 32 shares during the period. 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 period. San Francisco Sentry Investment Group CA acquired a new position in Hasbro in the 2nd quarter valued at $155,000. Finally, Highstreet Asset Management Inc. increased its stake in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after buying an additional 812 shares during the period. 79.60% of the stock is currently owned by institutional investors and hedge funds.
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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