UBS Trims Hasbro (HAS) Target Price to $92.00

Hasbro (NASDAQ:HAS) had its price objective reduced by UBS from $103.00 to $92.00 in a research note released on Thursday morning, 247wallst.com reports. They currently have a neutral rating on the stock.

HAS has been the subject of a number of other research reports. BidaskClub lowered shares of Hasbro from a hold rating to a sell rating in a research note on Wednesday, February 28th. KeyCorp restated a buy rating and issued a $110.00 price target on shares of Hasbro in a research note on Thursday, March 22nd. Zacks Investment Research raised shares of Hasbro from a sell rating to a hold rating in a report on Wednesday, January 24th. BMO Capital Markets decreased their price objective on shares of Hasbro from $100.00 to $96.00 and set a market perform rating for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. Finally, B. Riley assumed coverage on shares of Hasbro in a report on Thursday, December 21st. They issued a buy rating and a $108.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $106.64.

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Shares of NASDAQ:HAS opened at $84.30 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56. The firm has a market capitalization of $10,468.21, a P/E ratio of 15.44, a P/E/G ratio of 1.37 and a beta of 0.82. Hasbro has a 12-month low of $83.56 and a 12-month high of $116.20.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. equities research analysts predict that Hasbro will post 5.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s payout ratio is currently 41.76%.

In other news, EVP Barbara Finigan sold 20,408 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.23, for a total transaction of $2,004,677.84. Following the completion of the transaction, the executive vice president now owns 19,422 shares of the company’s stock, valued at $1,907,823.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President John Frascotti sold 47,024 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.29, for a total transaction of $4,621,988.96. Following the transaction, the president now directly owns 85,625 shares of the company’s stock, valued at approximately $8,416,081.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,435 shares of company stock valued at $38,337,975. 11.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. New Mexico Educational Retirement Board boosted its holdings in shares of Hasbro by 4.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock valued at $996,000 after acquiring an additional 500 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Hasbro by 11.3% during the fourth quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock valued at $488,000 after acquiring an additional 546 shares during the period. MML Investors Services LLC boosted its holdings in shares of Hasbro by 7.2% during the fourth quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock valued at $772,000 after acquiring an additional 571 shares during the period. Norinchukin Bank The boosted its holdings in shares of Hasbro by 7.0% during the fourth quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock valued at $824,000 after acquiring an additional 590 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of Hasbro by 18.3% during the fourth quarter. CENTRAL TRUST Co now owns 4,361 shares of the company’s stock valued at $397,000 after acquiring an additional 675 shares during the period. 80.82% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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