Analysts Set Hasbro, Inc. (NASDAQ:HAS) Price Target at $109.43

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $109.4286.

HAS has been the subject of several research reports. DA Davidson decreased their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 22nd. Argus raised their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Bank of America cut their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Friday, July 31st.

Hasbro Stock Up 0.2%

HAS stock opened at $87.72 on Friday. Hasbro has a 1-year low of $69.50 and a 1-year high of $106.98. The business has a fifty day moving average price of $91.37 and a 200-day moving average price of $90.08. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The stock has a market capitalization of $12.37 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.51 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Equities analysts forecast that Hasbro will post 6.16 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. Hasbro’s payout ratio is presently 50.36%.

Insider Activity at Hasbro

In other Hasbro news, insider Timothy Kilpin sold 20,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the transaction, the insider owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the completion of the transaction, the insider directly owned 67,557 shares in the company, valued at $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,472 shares of company stock valued at $4,736,533 in the last 90 days. 0.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently made changes to their positions in HAS. Focus Partners Advisor Solutions LLC purchased a new position in shares of Hasbro during the 2nd quarter worth $758,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Hasbro by 734.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after purchasing an additional 29,735 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Hasbro by 104.5% in the 2nd quarter. Hsbc Holdings PLC now owns 798,597 shares of the company’s stock worth $66,071,000 after purchasing an additional 408,015 shares in the last quarter. Capital Research Global Investors raised its holdings in Hasbro by 5.3% in the 4th quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after purchasing an additional 162,354 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Hasbro by 24.5% in the 1st quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock worth $14,683,000 after purchasing an additional 30,825 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company that develops, markets and licenses toys, games and related entertainment experiences. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Magic: The Gathering and Dungeons & Dragons. The company serves consumers through retail, e-commerce, digital gaming, licensing and entertainment channels.

Hasbro’s business includes consumer products, tabletop and digital gaming, and brand licensing.