Brokerages Set Hasbro, Inc. (NASDAQ:HAS) Target Price at $109.07

Hasbro, Inc. (NASDAQ:HAS) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $109.0714.

Several analysts have recently issued reports on HAS shares. JPMorgan Chase & Co. reduced their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday. Roth Capital reiterated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Finally, UBS Group reissued a “buy” rating and issued a $120.00 target price on shares of Hasbro in a report on Monday, July 27th.

Insider Activity at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 11,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 88,104 shares of the company’s stock, valued at approximately $8,408,645.76. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Hight sold 3,186 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,451 shares of company stock valued at $3,987,379 over the last three months. 0.71% of the stock is owned by insiders.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently modified their holdings of the business. Dorato Capital Management acquired a new position in Hasbro during the 4th quarter worth approximately $1,804,000. OFI Invest Asset Management acquired a new stake in Hasbro in the fourth quarter valued at approximately $9,758,000. Howard Capital Management Inc. acquired a new stake in Hasbro in the fourth quarter valued at approximately $964,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Hasbro by 734.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after buying an additional 29,735 shares during the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Hasbro during the fourth quarter worth $1,140,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of Hasbro stock opened at $93.94 on Friday. Hasbro has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The company has a 50-day simple moving average of $84.47 and a two-hundred day simple moving average of $90.63. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The business’s revenue was up 16.2% compared to the same quarter last year. Analysts forecast that Hasbro will post 6.13 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
• Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
• Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
• Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
• Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.