Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “hold” rating reissued by SunTrust Banks, Inc. in a research note issued on Thursday. They currently have a $102.00 price objective on the stock. SunTrust Banks, Inc.’s price target points to a potential upside of 5.58% from the stock’s current price.
HAS has been the subject of several other research reports. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Thursday, September 14th. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. DA Davidson reaffirmed a “buy” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Hasbro presently has an average rating of “Hold” and an average price target of $107.45.
Hasbro (NASDAQ:HAS) traded down 0.036% on Thursday, hitting $96.575. 700,942 shares of the stock traded hands. Hasbro has a 12-month low of $76.14 and a 12-month high of $116.20. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 20.917 and a beta of 0.92. The firm’s 50-day moving average price is $95.82 and its 200-day moving average price is $101.84.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities research analysts anticipate that Hasbro will post $5.07 EPS for the current fiscal year.
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In other Hasbro news, EVP Barbara Finigan sold 23,483 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total value of $2,496,242.90. Following the sale, the executive vice president now directly owns 32,345 shares of the company’s stock, valued at $3,438,273.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Goldner sold 205,656 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $105.69, for a total value of $21,735,782.64. Following the completion of the sale, the chief executive officer now directly owns 354,891 shares in the company, valued at $37,508,429.79. The disclosure for this sale can be found here. Insiders have sold 1,423,264 shares of company stock worth $145,144,664 over the last 90 days. 11.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Eqis Capital Management Inc. acquired a new stake in Hasbro in the third quarter worth $607,000. Toronto Dominion Bank increased its holdings in shares of Hasbro by 26.2% during the second quarter. Toronto Dominion Bank now owns 38,104 shares of the company’s stock valued at $4,248,000 after purchasing an additional 7,912 shares during the period. Advisory Services Network LLC increased its holdings in shares of Hasbro by 2.6% during the second quarter. Advisory Services Network LLC now owns 9,607 shares of the company’s stock valued at $1,071,000 after purchasing an additional 239 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in shares of Hasbro by 27.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 7,840 shares of the company’s stock valued at $875,000 after purchasing an additional 1,696 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Hasbro during the second quarter valued at $268,000. 77.79% of the stock is currently owned by hedge funds and other institutional investors.
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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