Hasbro (HAS) Given New $93.00 Price Target at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its target price lowered by Stifel Nicolaus from $98.00 to $93.00 in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on HAS. Wells Fargo reiterated a market perform rating and issued a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a research report on Thursday, February 8th. BidaskClub upgraded Hasbro from a sell rating to a hold rating in a research report on Thursday, February 8th. B. Riley increased their price objective on Hasbro from $108.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, February 8th. KeyCorp increased their price objective on Hasbro from $105.00 to $110.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets increased their price objective on Hasbro from $83.00 to $100.00 and gave the stock a market perform rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Hasbro presently has an average rating of Hold and a consensus target price of $105.93.

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NASDAQ:HAS opened at $84.43 on Wednesday. The firm has a market cap of $10,679.34, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.39 and a beta of 0.87. Hasbro has a 1 year low of $83.40 and a 1 year high of $116.20. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $1.64 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. analysts predict that Hasbro will post 5.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is currently 41.76%.

In related news, EVP Barbara Finigan sold 20,408 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.23, for a total value of $2,004,677.84. Following the transaction, the executive vice president now owns 19,422 shares of the company’s stock, valued at $1,907,823.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President John Frascotti sold 47,024 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.29, for a total value of $4,621,988.96. Following the completion of the transaction, the president now directly owns 85,625 shares in the company, valued at approximately $8,416,081.25. The disclosure for this sale can be found here. In the last three months, insiders sold 394,435 shares of company stock worth $38,337,975. 11.00% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Hasbro by 15.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock valued at $296,977,000 after buying an additional 426,136 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Hasbro by 4.6% during the third quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock valued at $197,025,000 after buying an additional 89,358 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Hasbro by 160.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock valued at $169,076,000 after buying an additional 1,145,999 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hasbro by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock valued at $131,078,000 after buying an additional 19,821 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Hasbro by 14.7% during the fourth quarter. Boston Partners now owns 1,443,904 shares of the company’s stock valued at $131,237,000 after buying an additional 184,842 shares during the last quarter. 80.82% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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