Hasbro (HAS) Rating Increased to Buy at Monness Crespi & Hardt

Share on StockTwits

Monness Crespi & Hardt upgraded shares of Hasbro (NASDAQ:HAS) from a neutral rating to a buy rating in a research report sent to investors on Monday, Marketbeat.com reports. Monness Crespi & Hardt currently has $109.00 target price on the stock.

A number of other brokerages have also weighed in on HAS. KeyCorp lifted their price target on shares of Hasbro from $118.00 to $120.00 and gave the company an overweight rating in a report on Monday, October 15th. ValuEngine upgraded shares of Hasbro from a hold rating to a buy rating in a report on Thursday, November 1st. SunTrust Banks decreased their price target on shares of Hasbro to $96.00 and set a hold rating on the stock in a report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Hasbro from a hold rating to a strong sell rating in a report on Friday, October 26th. Finally, Wells Fargo & Co decreased their price target on shares of Hasbro from $100.00 to $95.00 and set a market perform rating on the stock in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $104.40.

Shares of HAS opened at $89.97 on Monday. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.49 and a beta of 0.99. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. Sell-side analysts forecast that Hasbro will post 5.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 annualized dividend and a dividend yield of 3.02%. Hasbro’s payout ratio is presently 65.45%.

In related news, Director Alan G. Hassenfeld sold 5,350 shares of Hasbro stock in a transaction on Monday, November 19th. The shares were sold at an average price of $97.41, for a total transaction of $521,143.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan G. Hassenfeld sold 302,220 shares of Hasbro stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the transaction, the director now owns 30,945 shares in the company, valued at approximately $3,018,375.30. The disclosure for this sale can be found here. Insiders have sold a total of 707,570 shares of company stock worth $68,963,682 in the last 90 days. Company insiders own 9.90% of the company’s stock.

Several large investors have recently bought and sold shares of HAS. Capital Research Global Investors increased its stake in Hasbro by 31.6% during the 3rd quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after buying an additional 3,356,518 shares during the period. Vanguard Group Inc increased its stake in Hasbro by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock worth $1,384,826,000 after buying an additional 368,897 shares during the period. BlackRock Inc. increased its stake in Hasbro by 4.5% during the 4th quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock worth $677,935,000 after buying an additional 356,569 shares during the period. Jackson Square Partners LLC increased its stake in Hasbro by 203.6% during the 3rd quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock worth $423,659,000 after buying an additional 2,702,931 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Hasbro by 21.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after buying an additional 597,909 shares during the period. Institutional investors and hedge funds own 88.09% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

Read More: Diversification For Individual Investors

Analyst Recommendations for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.