Brokerages Set Hasbro, Inc. (NASDAQ:HAS) Target Price at $92.25

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $92.0833.

A number of equities research analysts recently commented on HAS shares. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Roth Capital set a $96.00 price target on Hasbro and gave the company a “buy” rating in a research note on Friday, October 24th. UBS Group upped their price objective on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $94.00 price target on shares of Hasbro in a research report on Sunday, December 14th.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in Hasbro in the fourth quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after buying an additional 1,753 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares in the last quarter. Woodline Partners LP increased its holdings in Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after buying an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Hasbro during the first quarter worth $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.8%

Shares of Hasbro stock opened at $86.20 on Monday. The company has a market capitalization of $12.10 billion, a P/E ratio of -21.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The business has a 50-day moving average of $82.03 and a two-hundred day moving average of $78.74. Hasbro has a 1 year low of $49.00 and a 1 year high of $89.20.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.Hasbro’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. As a group, equities analysts predict that Hasbro will post 4.33 EPS for the current year.

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.