Hasbro (NASDAQ:HAS) Given New $115.00 Price Target at The Goldman Sachs Group

Hasbro (NASDAQ:HAS) had its price target reduced by The Goldman Sachs Group from $117.00 to $115.00 in a research report sent to investors on Monday. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on HAS. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Wells Fargo & Company increased their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 20th. BNP Paribas Exane dropped their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Jefferies Financial Group cut their target price on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Finally, Roth Capital restated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

Hasbro Stock Up 0.1%

Shares of NASDAQ HAS opened at $86.62 on Monday. The company has a 50 day simple moving average of $91.66 and a 200-day simple moving average of $89.94. The company has a market capitalization of $12.22 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.50 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro has a 1 year low of $69.50 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities research analysts predict that Hasbro will post 6.16 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Hasbro’s payout ratio is currently 50.36%.

Insider Buying and Selling

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the transaction, the director owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gina Goetter sold 11,000 shares of Hasbro stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the transaction, the chief financial officer directly owned 88,104 shares in the company, valued at approximately $8,408,645.76. This trade represents a 11.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 50,472 shares of company stock valued at $4,736,533 over the last ninety days. Company insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Hasbro during the second quarter worth about $2,204,689,000. Geode Capital Management LLC increased its holdings in Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares during the last quarter. Bank of America Corp DE bought a new stake in Hasbro during the second quarter valued at $289,258,000. Capital Research Global Investors grew its holdings in shares of Hasbro by 5.3% during the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock valued at $264,522,000 after purchasing an additional 162,354 shares during the last quarter. Finally, Norges Bank acquired a new position in Hasbro during the 4th quarter valued at about $147,748,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company that develops, markets and licenses toys, games and related entertainment experiences. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Magic: The Gathering and Dungeons & Dragons. The company serves consumers through retail, e-commerce, digital gaming, licensing and entertainment channels.

Hasbro’s business includes consumer products, tabletop and digital gaming, and brand licensing.