The Goldman Sachs Group Has Lowered Expectations for Hasbro (NASDAQ:HAS) Stock Price

Hasbro (NASDAQ:HAS) had its price target decreased by investment analysts at The Goldman Sachs Group from $117.00 to $115.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 32.28% from the stock’s previous close.

A number of other brokerages also recently issued reports on HAS. UBS Group reissued a “buy” rating and set a $120.00 price objective on shares of Hasbro in a research report on Monday, July 27th. DA Davidson cut their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. BNP Paribas Exane reduced their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.50.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $86.94 on Monday. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.50 and a beta of 0.47. The company has a 50-day moving average price of $91.66 and a 200-day moving average price of $89.94. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro has a 12 month low of $69.50 and a 12 month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.30 earnings per share. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro will post 6.16 EPS for the current year.

Insiders Place Their Bets

In other Hasbro news, insider Timothy Kilpin sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the company’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 sale, the insider owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,472 shares of company stock worth $4,736,533 in the last 90 days. Insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Hasbro in the second quarter worth approximately $2,204,689,000. Bank of America Corp DE purchased a new stake in Hasbro during the second quarter valued at approximately $289,258,000. Norges Bank bought a new position in Hasbro in the fourth quarter worth approximately $147,748,000. Bank of New York Mellon Corp bought a new position in Hasbro in the second quarter worth approximately $130,731,000. Finally, Deutsche Bank AG bought a new stake in shares of Hasbro during the 2nd quarter valued at $89,467,000. Institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company that develops, markets and licenses toys, games and related entertainment experiences. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Magic: The Gathering and Dungeons & Dragons. The company serves consumers through retail, e-commerce, digital gaming, licensing and entertainment channels.

Hasbro’s business includes consumer products, tabletop and digital gaming, and brand licensing.