UBS AG set a $104.00 target price on Hasbro, Inc. (NASDAQ:HAS) in a report issued on Monday, www.tipranks.com reports. The brokerage currently has a hold rating on the stock.
A number of other brokerages have also recently weighed in on HAS. DA Davidson reissued a buy rating and issued a $121.00 price target (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reissued a buy rating and issued a $125.00 price target on shares of Hasbro in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a hold rating and issued a $108.00 target price on shares of Hasbro in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Hasbro from a hold rating to a buy rating and set a $111.00 target price for the company in a report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $118.00 target price on shares of Hasbro in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $106.69.
Shares of Hasbro (HAS) opened at $95.90 on Monday. Hasbro has a 1 year low of $77.20 and a 1 year high of $116.20. The firm has a market cap of $11,801.64, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.90 and a beta of 0.87. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company earned $2.03 earnings per share. Hasbro’s quarterly revenue was up 6.6% compared to the same quarter last year. equities analysts predict that Hasbro will post 5 EPS for the current year.
In other Hasbro news, EVP Wiebe Tinga sold 25,009 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $94.92, for a total transaction of $2,373,854.28. Following the transaction, the executive vice president now directly owns 75,639 shares in the company, valued at $7,179,653.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John Frascotti sold 25,658 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the transaction, the president now owns 105,615 shares in the company, valued at $10,013,358.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 455,730 shares of company stock worth $43,584,309. Company insiders own 11.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its position in Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after buying an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC grew its position in Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after buying an additional 32 shares during the period. Oakworth Capital Inc. grew its position in Hasbro by 7.2% during the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in Hasbro during the second quarter worth about $155,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in Hasbro during the second quarter worth about $167,000. Institutional investors own 79.60% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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