KeyCorp Reaffirms “Buy” Rating for Hasbro (HAS)
Hasbro (NASDAQ:HAS)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a report released on Thursday. They currently have a $110.00 price objective on the stock. KeyCorp’s price target suggests a potential upside of 28.85% from the stock’s previous close. KeyCorp also issued estimates for Hasbro’s Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $1.86 EPS and FY2019 earnings at $5.65 EPS.
Other analysts also recently issued research reports about the company. B. Riley raised their price target on Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Jefferies Group set a $110.00 price target on Hasbro and gave the stock a “buy” rating in a report on Thursday, March 15th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. BMO Capital Markets reissued a “hold” rating and issued a $83.00 price target on shares of Hasbro in a report on Monday, November 27th. Finally, BidaskClub raised Hasbro from a “sell” rating to a “hold” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $107.50.
Shares of Hasbro stock traded up $0.71 during midday trading on Thursday, hitting $85.37. The company had a trading volume of 55,528 shares, compared to its average volume of 1,722,494. The company has a market cap of $10,753.79, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.82. Hasbro has a 1-year low of $84.51 and a 1-year high of $116.20. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93.
In other news, CEO Brian Goldner sold 308,164 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the completion of the sale, the chief executive officer now directly owns 101,134 shares of the company’s stock, valued at approximately $9,806,963.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wiebe Tinga sold 3,955 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $97.19, for a total value of $384,386.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,435 shares of company stock valued at $38,337,975. Corporate insiders own 11.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. New Mexico Educational Retirement Board boosted its position in shares of Hasbro by 4.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock worth $996,000 after buying an additional 500 shares during the period. Raymond James Trust N.A. boosted its position in shares of Hasbro by 11.3% in the fourth quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock worth $488,000 after buying an additional 546 shares during the period. MML Investors Services LLC boosted its position in shares of Hasbro by 7.2% in the fourth quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock worth $772,000 after buying an additional 571 shares during the period. Norinchukin Bank The boosted its position in shares of Hasbro by 7.0% in the fourth quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock worth $824,000 after buying an additional 590 shares during the period. Finally, CENTRAL TRUST Co boosted its position in shares of Hasbro by 18.3% in the fourth quarter. CENTRAL TRUST Co now owns 4,361 shares of the company’s stock worth $397,000 after buying an additional 675 shares during the period. 80.64% of the stock is owned by institutional investors and hedge funds.
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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