Hasbro (NASDAQ:HAS) Given New $95.00 Price Target at Jefferies Financial Group

Hasbro (NASDAQ:HAS) had its price objective hoisted by Jefferies Financial Group from $90.00 to $95.00 in a research report report published on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group boosted their price target on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wolfe Research upped their target price on Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. Roth Capital set a $96.00 price objective on Hasbro and gave the stock a “buy” rating in a research note on Friday, October 24th. Bank of America lifted their target price on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Hasbro Stock Performance

HAS stock opened at $82.83 on Monday. The stock has a market capitalization of $11.62 billion, a PE ratio of -20.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The stock’s 50 day simple moving average is $79.55 and its 200 day simple moving average is $77.36. Hasbro has a 12-month low of $49.00 and a 12-month high of $85.14. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company earned $1.73 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Insider Transactions at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC increased its holdings in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares during the last quarter. Clarius Group LLC grew its position in Hasbro by 0.6% during the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock valued at $1,766,000 after acquiring an additional 146 shares during the period. Kaufman Rossin Wealth LLC grew its position in Hasbro by 4.1% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock valued at $291,000 after acquiring an additional 151 shares during the period. Retirement Systems of Alabama increased its stake in Hasbro by 0.5% during the third quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after acquiring an additional 151 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Hasbro by 2.0% in the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.