Analysts Set Hasbro, Inc. (NASDAQ:HAS) PT at $112.86

Hasbro, Inc. (NASDAQ:HAS) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $113.0714.

HAS has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Morgan Stanley raised their price target on shares of Hasbro from $119.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. DA Davidson lowered their price target on shares of Hasbro from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Wolfe Research raised their price target on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th.

Hasbro Stock Up 0.9%

Hasbro stock opened at $95.54 on Wednesday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. Hasbro has a 52-week low of $60.04 and a 52-week high of $106.98. The firm has a 50 day moving average price of $94.32 and a two-hundred day moving average price of $87.39. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of -40.66, a PEG ratio of 2.79 and a beta of 0.55.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.46 EPS. The company’s revenue was up 31.3% compared to the same quarter last year. Equities analysts predict that Hasbro will post 5.74 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro’s payout ratio is currently -119.15%.

Insider Activity at Hasbro

In other news, EVP Tarrant L. Sibley sold 15,148 shares of Hasbro stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the sale, the executive vice president owned 50,174 shares in the company, valued at $5,267,266.52. The trade was a 23.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy J. Kilpin sold 7,773 shares of Hasbro stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider owned 36,528 shares of the company’s stock, valued at $3,762,384. This represents a 17.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 413,342 shares of company stock worth $42,241,679. 0.85% of the stock is owned by insiders.

Institutional Trading of Hasbro

Several hedge funds have recently modified their holdings of HAS. Norges Bank bought a new stake in shares of Hasbro in the 4th quarter valued at $147,748,000. Bank of America Corp DE increased its stake in shares of Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after acquiring an additional 1,677,962 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Hasbro by 454.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock valued at $68,085,000 after acquiring an additional 596,167 shares in the last quarter. Finally, Amundi increased its stake in Hasbro by 55.5% during the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock valued at $115,070,000 after purchasing an additional 501,117 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.