Shares of Hasbro, Inc. (NASDAQ:HAS) have received an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $106.69.
HAS has been the topic of several recent analyst reports. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Hasbro in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. DA Davidson reaffirmed a “buy” rating and set a $118.00 price objective on shares of Hasbro in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Hasbro in a report on Monday, June 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 price objective (up from $95.00) on shares of Hasbro in a report on Tuesday, April 25th.
Hasbro (NASDAQ HAS) opened at 97.55 on Friday. The stock has a market cap of $12.20 billion, a PE ratio of 21.13 and a beta of 0.90. Hasbro has a 1-year low of $76.14 and a 1-year high of $116.20. The company’s 50 day moving average is $108.56 and its 200-day moving average is $101.46.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The business had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Hasbro will post $5.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s payout ratio is currently 49.35%.
In related news, EVP Barbara Finigan sold 23,483 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the sale, the executive vice president now directly owns 32,345 shares in the company, valued at $3,438,273.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan G. Hassenfeld sold 280,906 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 967,258 shares of company stock valued at $101,532,888. 11.00% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the last quarter. Oakworth Capital Inc. boosted its stake in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in Hasbro during the first quarter valued at about $119,000. Finally, Meeder Asset Management Inc. purchased a new stake in Hasbro during the first quarter valued at about $131,000. Hedge funds and other institutional investors own 78.23% 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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