Hasbro (NASDAQ:HAS) Price Target Lowered to $77.00 at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its price objective cut by Stifel Nicolaus from $82.00 to $77.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on HAS. DA Davidson raised their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Bank of America raised their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group raised their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Stock Performance

HAS opened at $56.80 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of -12.24, a P/E/G ratio of 0.57 and a beta of 0.62. The business’s 50-day moving average price is $62.22 and its two-hundred day moving average price is $64.49. Hasbro has a 1 year low of $46.09 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts expect that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s dividend payout ratio is -60.34%.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

Several institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares in the last quarter. Glenmede Trust Co. NA increased its position in Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares during the period. Axiom Advisory LLC raised its stake in Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after purchasing an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after purchasing an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.