Several other research firms also recently issued reports on HAS. DA Davidson set a $124.00 price target on shares of Hasbro and gave the stock a buy rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Hasbro from a hold rating to a sell rating in a research report on Thursday, October 26th. Barclays PLC reissued an equal weight rating on shares of Hasbro in a research report on Wednesday, October 25th. KeyCorp reissued a buy rating and issued a $105.00 target price on shares of Hasbro in a research report on Tuesday, October 24th. Finally, Wells Fargo & Company reissued a market perform rating and issued a $95.00 target price (down previously from $100.00) on shares of Hasbro in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $106.69.
Shares of Hasbro (NASDAQ:HAS) traded down $0.85 on Monday, hitting $95.98. 2,382,867 shares of the stock were exchanged, compared to its average volume of 1,359,565. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. Hasbro has a fifty-two week low of $77.20 and a fifty-two week high of $116.20. The stock has a market cap of $11,940.00, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.87.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. Hasbro’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. equities analysts expect that Hasbro will post 5 earnings per share for the current year.
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In related news, Director Alan G. Hassenfeld sold 276 shares of the business’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 value of $27,467.52. Following the sale, the director now directly owns 29,140 shares in the company, valued at approximately $2,900,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 262,177 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $95.04, for a total transaction of $24,917,302.08. Following the completion of the sale, the director now owns 29,140 shares in the company, valued at $2,769,465.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 456,006 shares of company stock valued at $43,611,776. Company insiders own 11.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Hasbro by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after buying an additional 695,231 shares during the period. BlackRock Inc. increased its stake in Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after buying an additional 700,898 shares during the period. Wells Fargo & Company MN increased its stake in Hasbro by 2.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,841,298 shares of the company’s stock valued at $277,509,000 after buying an additional 73,378 shares during the period. Principal Financial Group Inc. increased its stake in Hasbro by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock valued at $226,136,000 after buying an additional 137,568 shares during the period. Finally, FMR LLC increased its stake in Hasbro by 70.2% in the 2nd quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after buying an additional 868,073 shares during the period. Hedge funds and other institutional investors own 79.60% of the company’s stock.
Hasbro Company Profile
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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