Hasbro (NASDAQ:HAS) Price Target Cut to $77.00 by Analysts at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its price target decreased by Stifel Nicolaus from $82.00 to $77.00 in a report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Morgan Stanley increased their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America increased their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $80.11.

Hasbro Stock Performance

NASDAQ HAS opened at $56.80 on Friday. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of -12.24, a PEG ratio of 0.57 and a beta of 0.64. The company has a 50 day moving average of $62.22 and a 200-day moving average of $64.52. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Hasbro’s revenue was down 14.8% compared to the same quarter last year. On average, equities analysts forecast that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.93%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Hasbro by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the period. Samlyn Capital LLC raised its holdings in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after acquiring an additional 855,099 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after acquiring an additional 8,270 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Hasbro by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after acquiring an additional 97,039 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.