Hasbro (NASDAQ:HAS) had its price target cut by BMO Capital Markets from $96.00 to $83.00 in a report issued on Tuesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential downside of 3.21% from the stock’s previous close.
A number of other research analysts also recently issued reports on HAS. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. B. Riley initiated coverage on Hasbro in a research note on Thursday, December 21st. They set a “buy” rating and a $108.00 price objective for the company. Wells Fargo reiterated a “market perform” rating and set a $100.00 price objective (up from $95.00) on shares of Hasbro in a research note on Thursday, February 8th. Finally, KeyCorp boosted their price objective on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $107.50.
Hasbro (NASDAQ:HAS) traded down $0.70 during midday trading on Tuesday, hitting $85.75. 231,439 shares of the stock traded hands, compared to its average volume of 1,721,317. Hasbro has a 12-month low of $85.54 and a 12-month high of $116.20. The stock has a market cap of $10,895.35, a price-to-earnings ratio of 27.47, a P/E/G ratio of 1.41 and a beta of 0.82. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts forecast that Hasbro will post 5.34 EPS for the current fiscal year.
In other Hasbro news, EVP Thomas J. Jr. Courtney sold 8,884 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $97.51, for a total value of $866,278.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Goldner sold 308,164 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $96.97, for a total value of $29,882,663.08. Following the completion of the transaction, the chief executive officer now owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The disclosure for this sale can be found here. Insiders sold a total of 394,435 shares of company stock valued at $38,337,975 over the last 90 days. 11.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of HAS. Cambridge Investment Research Advisors Inc. boosted its position in shares of Hasbro by 31.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,371 shares of the company’s stock valued at $1,124,000 after acquiring an additional 2,953 shares during the last quarter. Elkfork Partners LLC bought a new position in shares of Hasbro during the 4th quarter valued at approximately $984,000. Xact Kapitalforvaltning AB boosted its position in shares of Hasbro by 5.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 29,412 shares of the company’s stock valued at $2,673,000 after acquiring an additional 1,402 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Hasbro by 9.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 47,699 shares of the company’s stock valued at $4,335,000 after acquiring an additional 4,064 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Hasbro during the 4th quarter valued at approximately $308,000. Institutional investors and hedge funds own 80.64% of the company’s stock.
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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