Hasbro, Inc. (HAS) Rating Reiterated by KeyCorp
Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “overweight” rating restated by equities research analysts at KeyCorp in a report issued on Wednesday. They currently have a $112.00 target price on the stock. KeyCorp’s price target would suggest a potential upside of 13.99% from the company’s current price.
A number of other analysts also recently weighed in on HAS. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. DA Davidson reissued a “buy” rating and set a $118.00 target price on shares of Hasbro in a research report on Tuesday, May 23rd. Jefferies Group LLC started coverage on shares of Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price for the company. Argus started coverage on shares of Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 target price for the company. Finally, BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $105.84.
Shares of Hasbro (NASDAQ HAS) opened at 98.25 on Wednesday. The firm has a market cap of $12.29 billion, a PE ratio of 21.28 and a beta of 0.90. Hasbro has a 12 month low of $76.14 and a 12 month high of $116.20. The stock’s 50 day moving average is $102.62 and its 200 day moving average is $102.27.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Analysts forecast that Hasbro will post $5.08 EPS for the current fiscal year.
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In related news, Director Alan G. Hassenfeld sold 276 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total value of $27,467.52. Following the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $2,900,012.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $106.51, for a total value of $2,471,138.51. Following the completion of the transaction, the executive vice president now owns 28,511 shares in the company, valued at $3,036,706.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,299,149 shares of company stock valued at $133,072,704. Insiders own 11.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Hasbro by 1,141.5% in the first quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock worth $916,321,000 after buying an additional 8,440,294 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Hasbro by 13,379.9% in the second quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock worth $214,980,000 after buying an additional 1,913,599 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hasbro by 311.6% in the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock worth $242,840,000 after buying an additional 1,648,675 shares in the last quarter. Lansdowne Partners UK LLP boosted its position in shares of Hasbro by 71.2% in the first quarter. Lansdowne Partners UK LLP now owns 2,397,998 shares of the company’s stock worth $239,369,000 after buying an additional 997,698 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Hasbro by 70.2% in the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock worth $234,631,000 after buying an additional 868,073 shares in the last quarter. Institutional investors own 79.66% 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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