Hasbro, Inc. (HAS) Given “Hold” Rating at SunTrust Banks, Inc.
Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “hold” rating reiterated by SunTrust Banks, Inc. in a note issued to investors on Thursday. They currently have a $102.00 price target on the stock. SunTrust Banks, Inc.’s target price points to a potential upside of 5.59% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $107.00 price objective (up from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $118.00 price objective on shares of Hasbro in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Hasbro in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Hasbro currently has a consensus rating of “Hold” and an average target price of $107.45.
Hasbro (NASDAQ HAS) traded down 0.01% during trading on Thursday, reaching $96.60. 798,482 shares of the company’s stock were exchanged. The firm has a market cap of $12.08 billion, a P/E ratio of 20.92 and a beta of 0.92. The stock’s 50 day moving average price is $95.82 and its 200 day moving average price is $101.84. Hasbro has a 52-week low of $76.14 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $972.51 million for 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 business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Equities research analysts anticipate that Hasbro will post $5.07 EPS for the current fiscal year.
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In other Hasbro news, CEO Brian Goldner sold 205,656 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the completion of the transaction, the chief executive officer now owns 354,891 shares in the company, valued at approximately $37,508,429.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen J. Davis sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.57, for a total transaction of $146,355.00. Following the transaction, the executive vice president now owns 39,125 shares of the company’s stock, valued at approximately $3,817,426.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,423,264 shares of company stock valued at $145,144,664. 11.00% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors raised its holdings in Hasbro by 128.5% during the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock worth $24,198,000 after purchasing an additional 122,023 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Hasbro by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 652,418 shares of the company’s stock worth $65,125,000 after purchasing an additional 37,803 shares during the last quarter. Prudential Financial Inc. raised its holdings in Hasbro by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock worth $21,752,000 after purchasing an additional 2,500 shares during the last quarter. Federated Investors Inc. PA raised its holdings in Hasbro by 121.6% during the 2nd quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock worth $646,000 after purchasing an additional 3,181 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Hasbro by 16.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 85,686 shares of the company’s stock worth $9,555,000 after purchasing an additional 12,246 shares during the last quarter. Hedge funds and other institutional investors own 77.79% of the company’s stock.
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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