Hasbro (NASDAQ:HAS – Get Rating) had its price objective decreased by investment analysts at BMO Capital Markets from $85.00 to $80.00 in a research report issued on Thursday, The Fly reports. BMO Capital Markets’ price objective points to a potential downside of 1.64% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the stock. MKM Partners reduced their price target on shares of Hasbro from $118.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Jefferies Financial Group reduced their price target on shares of Hasbro from $115.00 to $100.00 in a research note on Friday, July 15th. KeyCorp downgraded shares of Hasbro to a “sector weight” rating in a research note on Tuesday. DA Davidson raised their price target on shares of Hasbro from $121.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Finally, StockNews.com started coverage on shares of Hasbro in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Hasbro presently has an average rating of “Hold” and a consensus target price of $104.11.
Hasbro Price Performance
HAS stock opened at $81.33 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. Hasbro has a 12 month low of $77.11 and a 12 month high of $105.73. The firm has a market cap of $11.34 billion, a P/E ratio of 20.96 and a beta of 0.84. The company’s 50-day moving average price is $84.50 and its two-hundred day moving average price is $89.32.
Hasbro (NASDAQ:HAS – Get Rating) last released its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.94 by $0.21. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Hasbro will post 5.19 earnings per share for the current fiscal year.
Insider Activity
In other Hasbro news, Director Michael Raymond Burns purchased 2,500 shares of the firm’s stock in a transaction on Monday, April 25th. The stock was acquired at an average price of $87.70 per share, for a total transaction of $219,250.00. Following the purchase, the director now owns 16,398 shares of the company’s stock, valued at approximately $1,438,104.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.40% of the stock is currently owned by company insiders.
Institutional Trading of Hasbro
A number of hedge funds and other institutional investors have recently bought and sold shares of HAS. BlackRock Inc. boosted its holdings in Hasbro by 7.8% during the 4th quarter. BlackRock Inc. now owns 12,434,068 shares of the company’s stock worth $1,265,539,000 after acquiring an additional 896,250 shares during the last quarter. Cooke & Bieler LP boosted its holdings in Hasbro by 118.3% during the 2nd quarter. Cooke & Bieler LP now owns 1,623,862 shares of the company’s stock worth $132,962,000 after acquiring an additional 879,972 shares during the last quarter. Boston Partners boosted its holdings in Hasbro by 29.3% during the 1st quarter. Boston Partners now owns 3,145,640 shares of the company’s stock worth $257,711,000 after acquiring an additional 713,710 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Hasbro during the 4th quarter worth $53,812,000. Finally, KBC Group NV boosted its holdings in Hasbro by 3,248.0% during the 4th quarter. KBC Group NV now owns 424,793 shares of the company’s stock worth $43,235,000 after acquiring an additional 412,105 shares during the last quarter. Institutional investors own 75.35% of the company’s stock.
About Hasbro
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.