SunTrust Banks restated their hold rating on shares of Hasbro (NASDAQ:HAS) in a research note issued to investors on Thursday morning. SunTrust Banks currently has a $90.00 target price on the stock. SunTrust Banks also issued estimates for Hasbro’s Q1 2018 earnings at $0.30 EPS and Q2 2018 earnings at $0.47 EPS.
A number of other equities research analysts have also weighed in on HAS. TheStreet lowered shares of Hasbro from a b- rating to a c+ rating in a report on Friday, April 6th. MKM Partners decreased their price objective on shares of Hasbro to $96.00 and set a neutral rating for the company in a report on Friday, April 6th. BMO Capital Markets lifted their price objective on shares of Hasbro from $83.00 to $100.00 and gave the company a market perform rating in a report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on shares of Hasbro from $98.00 to $93.00 and set a hold rating for the company in a report on Wednesday, April 4th. Finally, BidaskClub upgraded shares of Hasbro from a sell rating to a hold rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Hasbro has a consensus rating of Hold and an average target price of $105.07.
Hasbro stock opened at $87.76 on Thursday. The stock has a market capitalization of $10,858.16, a PE ratio of 16.07, a PEG ratio of 1.41 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56. Hasbro has a 12-month low of $83.40 and a 12-month high of $116.20.
Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $1.64 EPS. research analysts forecast that Hasbro will post 5.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.87%. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s payout ratio is presently 41.76%.
In other Hasbro news, EVP Wiebe Tinga sold 3,955 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $97.19, for a total transaction of $384,386.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian Goldner sold 308,164 shares of the business’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 transaction of $29,882,663.08. Following the sale, the chief executive officer now directly owns 101,134 shares in the company, valued at approximately $9,806,963.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,435 shares of company stock worth $38,337,975. Insiders own 9.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board grew its position in Hasbro by 4.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock worth $996,000 after purchasing an additional 500 shares during the last quarter. Raymond James Trust N.A. grew its position in Hasbro by 11.3% during the 4th quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock worth $488,000 after purchasing an additional 546 shares during the last quarter. MML Investors Services LLC grew its position in Hasbro by 7.2% during the 4th quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock worth $772,000 after purchasing an additional 571 shares during the last quarter. Norinchukin Bank The grew its position in Hasbro by 7.0% during the 4th quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock worth $824,000 after purchasing an additional 590 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Hasbro by 18.3% during the 4th quarter. CENTRAL TRUST Co now owns 4,361 shares of the company’s stock worth $397,000 after purchasing an additional 675 shares during the last quarter. 80.26% of the stock is currently owned by institutional investors.
Hasbro Company Profile
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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