Hasbro, Inc. (HAS) Stock Rating Reaffirmed by Jefferies Group LLC
Several other equities research analysts have also recently issued reports on the stock. DA Davidson reaffirmed a buy rating and set a $121.00 price target (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. BidaskClub raised shares of Hasbro from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded Hasbro from a buy rating to a hold rating in a report on Tuesday, June 27th. Stifel Nicolaus restated a hold rating and set a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a report on Thursday, July 13th. Finally, Argus initiated coverage on Hasbro in a report on Friday, June 16th. They set a buy rating and a $128.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $107.27.
Shares of Hasbro (NASDAQ:HAS) opened at 97.67 on Thursday. The firm has a 50 day moving average price of $97.19 and a 200 day moving average price of $102.08. Hasbro has a one year low of $76.14 and a one year high of $116.20. The stock has a market capitalization of $12.22 billion, a PE ratio of 21.15 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that Hasbro will post $5.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.33%. Hasbro’s payout ratio is currently 49.35%.
In other news, CEO Brian Goldner sold 205,656 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the completion of the transaction, the chief executive officer now owns 354,891 shares in the company, valued at approximately $37,508,429.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Davis sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $97.57, for a total transaction of $146,355.00. Following the transaction, the executive vice president now owns 39,125 shares of the company’s stock, valued at approximately $3,817,426.25. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock valued at $145,144,664 over the last three months. Corporate insiders own 11.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Hasbro by 1,141.5% in the first quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock worth $916,321,000 after buying an additional 8,440,294 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Hasbro by 13,379.9% during the second quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock valued at $214,980,000 after acquiring an additional 1,913,599 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hasbro by 311.6% during the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after acquiring an additional 1,648,675 shares during the period. Lansdowne Partners UK LLP raised its holdings in shares of Hasbro by 71.2% during the first quarter. Lansdowne Partners UK LLP now owns 2,397,998 shares of the company’s stock valued at $239,369,000 after acquiring an additional 997,698 shares during the period. Finally, FMR LLC raised its holdings in shares of Hasbro by 70.2% during the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after acquiring an additional 868,073 shares during the period. Institutional investors and hedge funds own 77.79% of the company’s stock.
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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