Brokerages Set Hasbro, Inc. (NASDAQ:HAS) Price Target at $109.43

Hasbro, Inc. (NASDAQ:HAS) has received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $109.4286.

Several brokerages recently commented on HAS. Argus boosted their price target on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. Finally, Bank of America cut their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th.

Insider Buying and Selling at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 8,265 shares of Hasbro stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the sale, the chief financial officer directly owned 79,839 shares in the company, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Hight sold 3,186 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the sale, the insider directly owned 67,557 shares in the company, valued at $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 45,415 shares of company stock worth $4,260,164. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Hasbro in the second quarter valued at approximately $2,204,689,000. Vanguard Group Inc. increased its stake in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after acquiring an additional 453,038 shares during the period. California State Teachers Retirement System increased its stake in Hasbro by 8,051.1% during the 2nd quarter. California State Teachers Retirement System now owns 12,786,336 shares of the company’s stock worth $1,056,023,000 after acquiring an additional 12,629,470 shares during the period. State Street Corp raised its holdings in Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after acquiring an additional 131,678 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after buying an additional 1,399,499 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 2.2%

Shares of Hasbro stock opened at $94.18 on Tuesday. Hasbro has a 12-month low of $69.50 and a 12-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 stock has a 50 day moving average price of $88.01 and a two-hundred day moving average price of $91.24. The stock has a market capitalization of $13.28 billion, a P/E ratio of 16.94, a PEG ratio of 1.76 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. Equities analysts expect that Hasbro will post 6.15 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is 50.36%.

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.