Hasbro (HAS) Price Target Raised to $118.00

Hasbro (NASDAQ:HAS) had its target price raised by stock analysts at Citigroup from $103.00 to $118.00 in a research report issued to clients and investors on Wednesday, May 8th, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s target price would indicate a potential upside of 24.03% from the company’s current price.

A number of other analysts have also recently commented on HAS. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. MKM Partners dropped their price target on Hasbro to $102.00 and set a “buy” rating for the company in a research report on Friday, January 18th. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. ValuEngine upgraded Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 target price for the company in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Hasbro has an average rating of “Buy” and a consensus price target of $106.07.

Shares of NASDAQ:HAS opened at $95.14 on Wednesday. Hasbro has a 12-month low of $76.84 and a 12-month high of $109.60. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.01 and a beta of 0.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.77 and a quick ratio of 2.26.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The company had revenue of $732.51 million during the quarter, compared to the consensus estimate of $665.96 million. During the same period in the previous year, the company posted $0.10 earnings per share. Hasbro’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro will post 4.52 EPS for the current year.

In other Hasbro news, EVP Thomas J. Jr. Courtney sold 3,687 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total transaction of $387,135.00. Following the sale, the executive vice president now owns 20,795 shares in the company, valued at approximately $2,183,475. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tarrant L. Sibley sold 4,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $102.20, for a total value of $408,800.00. Following the sale, the senior vice president now owns 21,703 shares in the company, valued at approximately $2,218,046.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 350,256 shares of company stock worth $35,900,627. 9.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ronna Sue Cohen increased its holdings in shares of Hasbro by 8,221.2% in the 1st quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock valued at $3,609,000 after acquiring an additional 3,565,801 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Hasbro by 7,213.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after buying an additional 2,115,671 shares during the last quarter. Norges Bank purchased a new position in Hasbro during the 4th quarter worth approximately $92,891,000. JPMorgan Chase & Co. grew its stake in Hasbro by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after buying an additional 701,535 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Hasbro by 21.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after buying an additional 597,909 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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