BNP Paribas Exane Begins Coverage on Hasbro (NASDAQ:HAS)

Stock analysts at BNP Paribas Exane began coverage on shares of Hasbro (NASDAQ:HAS) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $118.00 price target on the stock. BNP Paribas Exane’s price objective would suggest a potential upside of 17.58% from the stock’s previous close.

Several other equities research analysts have also recently commented on HAS. Wolfe Research boosted their target price on Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. DA Davidson boosted their price objective on shares of Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group increased their target price on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Citigroup lifted their price target on shares of Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $114.08.

Hasbro Price Performance

Shares of HAS opened at $100.36 on Wednesday. The stock has a 50 day simple moving average of $90.97 and a 200 day simple moving average of $82.61. Hasbro has a 52-week low of $49.00 and a 52-week high of $106.98. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The firm has a market capitalization of $14.08 billion, a PE ratio of -42.71, a P/E/G ratio of 1.73 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. Hasbro’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Sell-side analysts predict that Hasbro will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling at Hasbro

In related news, CEO Christian P. Cocks sold 181,581 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.86, for a total value of $18,859,002.66. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $25,950,563.46. This trade represents a 42.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares of the company’s stock, valued at $7,058,144.66. This trade represents a 15.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 216,931 shares of company stock worth $22,535,763. 0.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the second quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro during the 4th quarter worth $27,000. MUFG Securities EMEA plc acquired a new position in Hasbro during the 2nd quarter worth about $28,000. First Horizon Corp acquired a new position in Hasbro during the 3rd quarter worth about $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in shares of Hasbro in the 3rd quarter valued at about $34,000. 91.83% of the stock is owned by institutional investors.

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.