Hasbro, Inc. (NASDAQ:HAS) had its target price cut by equities research analysts at Stifel Nicolaus from $104.00 to $100.00 in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 11.42% from the company’s current price.

HAS has been the subject of a number of other research reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Thursday, September 14th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $102.00 target price on shares of Hasbro in a report on Thursday, October 12th. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. DA Davidson reissued a “buy” rating and issued a $121.00 target price (up previously from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $125.00 target price on shares of Hasbro in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $106.92.

Hasbro (HAS) opened at 89.75 on Tuesday. The firm has a market capitalization of $11.23 billion, a PE ratio of 19.44 and a beta of 0.92. Hasbro has a 52-week low of $77.20 and a 52-week high of $116.20. The firm’s 50-day moving average is $95.90 and its 200-day moving average is $101.71.

Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.11. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $2.03 earnings per share. Hasbro’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Hasbro will post $5.08 earnings per share for the current year.

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In related news, CEO Brian Goldner sold 205,656 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.69, for a total value of $21,735,782.64. Following the completion of the transaction, the chief executive officer now owns 354,891 shares of the company’s stock, valued at approximately $37,508,429.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John Frascotti sold 25,658 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the transaction, the president now directly owns 105,615 shares of the company’s stock, valued at approximately $10,013,358.15. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock valued at $145,144,664 in the last three months. 11.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Hasbro by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after buying an additional 695,231 shares during the period. BlackRock Inc. grew its holdings in Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after buying an additional 700,898 shares during the period. Bank of America Corp DE grew its holdings in Hasbro by 2.4% in the 1st quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock valued at $546,431,000 after buying an additional 127,849 shares during the period. State Street Corp grew its holdings in Hasbro by 1.0% in the 1st quarter. State Street Corp now owns 5,013,445 shares of the company’s stock valued at $500,457,000 after buying an additional 49,888 shares during the period. Finally, Capital World Investors grew its holdings in Hasbro by 38.9% in the 3rd quarter. Capital World Investors now owns 4,893,373 shares of the company’s stock valued at $388,191,000 after buying an additional 1,371,500 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.

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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