Hasbro, Inc. (HAS) Trading 3.1% Higher
Hasbro, Inc. (NASDAQ:HAS) shares traded up 3.1% on Monday . The company traded as high as $99.17 and last traded at $91.45. 1,421,900 shares were traded during mid-day trading, an increase of 6% from the average session volume of 1,340,167 shares. The stock had previously closed at $88.69.
HAS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Thursday, September 14th. DA Davidson reiterated a “buy” rating and issued a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $102.00 target price on shares of Hasbro in a research report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $105.00 target price on shares of Hasbro in a research report on Tuesday, October 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and an average price target of $106.86.
The stock has a market capitalization of $11,390.61, a P/E ratio of 19.50, a PEG ratio of 1.83 and a beta of 0.87. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 EPS. research analysts expect that Hasbro, Inc. will post 5 EPS for the current fiscal year.
In related news, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total transaction of $27,467.52. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan G. Hassenfeld sold 17,834 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $95.30, for a total transaction of $1,699,580.20. Following the sale, the director now directly owns 29,140 shares in the company, valued at $2,777,042. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 456,006 shares of company stock worth $43,611,776. 11.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. grew its holdings in Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after buying an additional 81 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Hasbro in the 2nd quarter valued at $155,000. Finally, Highstreet Asset Management Inc. boosted its holdings in shares of Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after buying an additional 812 shares in the last quarter. Institutional investors own 79.60% of the company’s stock.
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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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