Hasbro, Inc. (HAS) Rating Reiterated by KeyCorp
Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “buy” rating restated by research analysts at KeyCorp in a research note issued on Tuesday. They currently have a $105.00 price target on the stock. KeyCorp’s target price would suggest a potential upside of 12.95% from the company’s previous close.
HAS has been the topic of a number of other reports. Jefferies Group LLC set a $125.00 price target on shares of Hasbro and gave the stock a “buy” rating in a report on Monday, August 21st. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a report on Monday, October 9th. BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Hasbro in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.86.
Hasbro (NASDAQ:HAS) traded up 3.58% during mid-day trading on Tuesday, hitting $92.96. 4,444,986 shares of the stock were exchanged. Hasbro has a 52 week low of $77.20 and a 52 week high of $116.20. The company has a market capitalization of $11.63 billion, a PE ratio of 20.13 and a beta of 0.92. The stock’s 50-day moving average is $95.82 and its 200 day moving average is $101.69.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Hasbro will post $5.08 EPS for the current year.
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In other news, EVP Wiebe Tinga sold 25,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00. Following the sale, the executive vice president now directly owns 85,630 shares of the company’s stock, valued at $8,906,376.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at $3,079,515.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,423,264 shares of company stock worth $145,144,664. Insiders own 11.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Hasbro by 12.3% in the third quarter. First Trust Advisors LP now owns 312,877 shares of the company’s stock worth $30,559,000 after buying an additional 34,322 shares in the last quarter. Boston Advisors LLC lifted its holdings in shares of Hasbro by 420.1% in the third quarter. Boston Advisors LLC now owns 11,495 shares of the company’s stock worth $1,123,000 after buying an additional 9,285 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Hasbro by 7,100.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after buying an additional 1,065 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Hasbro by 3.9% in the third quarter. Xact Kapitalforvaltning AB now owns 28,010 shares of the company’s stock worth $2,736,000 after buying an additional 1,060 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in shares of Hasbro by 8.5% in the third quarter. Nationwide Fund Advisors now owns 235,499 shares of the company’s stock worth $23,001,000 after buying an additional 18,499 shares in the last quarter. 77.73% of the stock is currently 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.
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