Hasbro, Inc. (NASDAQ:HAS) Receives $105.79 Consensus Price Target from Brokerages
Shares of Hasbro, Inc. (NASDAQ:HAS) have earned a consensus rating of “Buy” from the eighteen research firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $105.79.
A number of research analysts have recently commented on the company. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Citigroup raised their target price on Hasbro from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Argus lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. BMO Capital Markets raised their price objective on Hasbro from $88.00 to $93.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus raised their price objective on Hasbro from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th.
Shares of HAS traded down $1.27 on Tuesday, reaching $105.12. The stock had a trading volume of 842,432 shares, compared to its average volume of 1,182,806. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.00. The company has a quick ratio of 2.26, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $101.70. Hasbro has a 12-month low of $76.84 and a 12-month high of $109.60.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, July 31st. Hasbro’s payout ratio is 70.65%.
In other Hasbro news, EVP Thomas J. Jr. Courtney sold 3,687 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total transaction of $387,135.00. Following the sale, the executive vice president now directly owns 20,795 shares of the company’s stock, valued at approximately $2,183,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Davis sold 4,200 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $98.24, for a total value of $412,608.00. Following the sale, the executive vice president now directly owns 39,238 shares in the company, valued at $3,854,741.12. The disclosure for this sale can be found here. In the last three months, insiders sold 350,256 shares of company stock valued at $35,900,627. Corporate insiders own 9.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning grew its stake in shares of Hasbro by 1.3% in the first quarter. Creative Planning now owns 7,581 shares of the company’s stock worth $645,000 after acquiring an additional 99 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Hasbro by 0.7% during the 1st quarter. Mason Street Advisors LLC now owns 16,517 shares of the company’s stock worth $1,404,000 after acquiring an additional 108 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Hasbro by 41.4% during the 4th quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock worth $34,000 after acquiring an additional 123 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Hasbro by 46.3% during the 4th quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Hasbro by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after acquiring an additional 128 shares in the last quarter. 86.93% of the stock is currently owned by institutional investors.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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