Hasbro, Inc. (NASDAQ:HAS) has been assigned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $112.20.
HAS has been the topic of several analyst reports. Truist dropped their price target on shares of Hasbro from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, October 27th. DA Davidson lifted their price target on shares of Hasbro from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 27th. Stifel Nicolaus dropped their price target on shares of Hasbro from $116.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, October 4th. Finally, Truist Securities dropped their price target on shares of Hasbro from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, October 27th.
Shares of HAS stock opened at $98.37 on Friday. Hasbro has a 12-month low of $86.05 and a 12-month high of $104.89. The company has a current ratio of 1.52, a quick ratio of 1.30 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average is $94.42 and its 200 day moving average is $95.76. The stock has a market capitalization of $13.57 billion, a P/E ratio of 30.17 and a beta of 1.05.
Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, October 26th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.26. Hasbro had a net margin of 7.37% and a return on equity of 24.66%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the company posted $1.88 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Hasbro will post 4.86 earnings per share for the current year.
In other Hasbro news, EVP Tarrant L. Sibley sold 5,498 shares of Hasbro stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $100.83, for a total value of $554,363.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Deborah Thomas sold 20,798 shares of Hasbro stock in a transaction on Monday, November 8th. The shares were sold at an average price of $96.11, for a total transaction of $1,998,895.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,982 shares of company stock worth $4,125,304. 8.40% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Hasbro by 100.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,541,649 shares of the company’s stock valued at $145,718,000 after purchasing an additional 771,865 shares during the last quarter. Cooke & Bieler LP bought a new position in Hasbro during the 2nd quarter valued at about $61,971,000. Capital Research Global Investors grew its holdings in Hasbro by 4.4% during the 3rd quarter. Capital Research Global Investors now owns 15,406,031 shares of the company’s stock valued at $1,374,532,000 after purchasing an additional 649,789 shares during the last quarter. Boston Partners grew its holdings in Hasbro by 35.4% during the 3rd quarter. Boston Partners now owns 2,400,116 shares of the company’s stock valued at $214,139,000 after purchasing an additional 628,083 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Hasbro by 376.5% during the 2nd quarter. Macquarie Group Ltd. now owns 671,911 shares of the company’s stock valued at $63,509,000 after purchasing an additional 530,891 shares during the last quarter. Hedge funds and other institutional investors own 77.91% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm operates under the following brands: Littlest Pet Shop and Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: United States and Canada, International, and Entertainment, Licensing and Digital and eOne.