Hasbro (NASDAQ:HAS) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Hasbro (NASDAQ:HAS) from a strong-buy rating to a buy rating in a report published on Saturday morning.

HAS has been the subject of several other reports. UBS Group boosted their price objective on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. BNP Paribas Exane assumed coverage on shares of Hasbro in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 price target on the stock. Morgan Stanley increased their price objective on shares of Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Seaport Research Partners upgraded shares of Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Finally, Citigroup upped their target price on shares of Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Hasbro Stock Performance

Shares of Hasbro stock opened at $94.49 on Friday. The company has a market capitalization of $13.29 billion, a PE ratio of -40.21, a PEG ratio of 1.63 and a beta of 0.54. Hasbro has a 12 month low of $49.00 and a 12 month high of $106.98. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The stock’s fifty day simple moving average is $92.81 and its 200 day simple moving average is $83.35.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 31.3% compared to the same quarter last year. On average, research analysts predict that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s dividend payout ratio is presently -119.15%.

Insider Buying and Selling at Hasbro

In other news, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the transaction, the chief financial officer directly owned 68,221 shares in the company, valued at $7,058,144.66. This represents a 15.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the transaction, the chief executive officer owned 303,310 shares of the company’s stock, valued at $30,431,092.30. The trade was a 39.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 413,342 shares of company stock worth $42,241,679 in the last three months. 0.85% of the stock is currently owned by company insiders.

Institutional Trading of Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of HAS. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Hasbro during the 4th quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro during the 2nd quarter worth approximately $28,000. First Horizon Corp acquired a new stake in shares of Hasbro in the 3rd quarter valued at approximately $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in shares of Hasbro in the third quarter valued at $34,000. 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.