Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Hasbro from a strong-buy rating to a buy rating in a research report on Friday, June 30th. DA Davidson reissued a buy rating and set a $118.00 target price on shares of Hasbro in a research report on Tuesday, May 23rd. Zacks Investment Research raised shares of Hasbro from a hold rating to a buy rating and set a $113.00 target price for the company in a research report on Monday, May 22nd. Jefferies Group LLC initiated coverage on shares of Hasbro in a research report on Thursday, June 8th. They set a buy rating and a $125.00 target price for the company. Finally, Argus initiated coverage on shares of Hasbro in a research report on Friday, June 16th. They set a buy rating and a $128.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Hasbro has a consensus rating of Hold and an average price target of $107.27.
Shares of Hasbro (HAS) traded up 0.52% during mid-day trading on Tuesday, reaching $95.56. 305,246 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $98.20 and a 200 day moving average price of $102.08. Hasbro has a 12-month low of $76.14 and a 12-month high of $116.20. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 20.70 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same quarter in the prior year, the company earned $0.41 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Analysts anticipate that Hasbro will post $5.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. Hasbro’s dividend payout ratio (DPR) is 49.35%.
In other Hasbro news, Director Alan G. Hassenfeld sold 280,906 shares of Hasbro stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of Hasbro stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the transaction, the executive vice president now directly owns 28,511 shares in the company, valued at $3,036,706.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,423,264 shares of company stock worth $145,144,664. Company insiders own 11.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Kornitzer Capital Management Inc. KS raised its stake in Hasbro by 0.3% during the second quarter. Kornitzer Capital Management Inc. KS now owns 3,675 shares of the company’s stock worth $410,000 after purchasing an additional 10 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Hasbro by 0.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,973 shares of the company’s stock valued at $496,000 after acquiring an additional 30 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after acquiring an additional 32 shares during the last quarter. Bollard Group LLC increased its position in shares of Hasbro by 0.6% during the second quarter. Bollard Group LLC now owns 7,090 shares of the company’s stock valued at $791,000 after acquiring an additional 40 shares during the last quarter. Finally, Coe Capital Management LLC increased its position in shares of Hasbro by 0.3% during the first quarter. Coe Capital Management LLC now owns 19,100 shares of the company’s stock valued at $1,907,000 after acquiring an additional 55 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.
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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