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.
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.
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