Hasbro (NASDAQ:HAS) Given New $118.00 Price Target at Citigroup

Hasbro (NASDAQ:HAS) had its target price increased by Citigroup from $103.00 to $118.00 in a research note released on Thursday, June 6th, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on HAS. Zacks Investment Research raised Hasbro from a strong sell rating to a hold rating in a research note on Saturday, April 13th. BidaskClub cut Hasbro from a sell rating to a strong sell rating in a report on Monday, February 25th. KeyCorp set a $110.00 target price on Hasbro and gave the stock a buy rating in a report on Wednesday, February 20th. Stifel Nicolaus increased their target price on Hasbro from $90.00 to $95.00 and gave the stock a hold rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Co decreased their price objective on Hasbro from $95.00 to $90.00 and set a market perform rating for the company in a report on Wednesday, February 13th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $106.07.

Shares of HAS stock traded up $0.74 during trading hours on Thursday, hitting $106.42. The company had a trading volume of 932,800 shares, compared to its average volume of 1,175,414. Hasbro has a 12 month low of $76.84 and a 12 month high of $109.60. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The stock’s fifty day moving average is $102.30. 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 earnings results on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, topping the 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 business had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same period in the previous year, the business earned $0.10 EPS. Hasbro’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts expect that Hasbro will post 4.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.68 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $2.72 annualized dividend and a yield of 2.56%. Hasbro’s dividend payout ratio (DPR) is currently 70.65%.

In other Hasbro news, SVP Tarrant L. Sibley sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $102.20, for a total transaction of $408,800.00. Following the completion of the sale, the senior vice president now directly owns 21,703 shares in the company, valued at $2,218,046.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dolph Johnson sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $102.20, for a total transaction of $1,737,400.00. Following the sale, the executive vice president now owns 45,338 shares of the company’s stock, valued at $4,633,543.60. The disclosure for this sale can be found here. Insiders sold a total of 350,256 shares of company stock valued at $35,900,627 over the last quarter. 9.30% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. grew its stake in shares of Hasbro by 77.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock worth $25,000 after buying an additional 134 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Hasbro by 7,213.6% during the fourth 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. Cullen Frost Bankers Inc. bought a new stake in shares of Hasbro during the first quarter worth $29,000. Bessemer Group Inc. grew its stake in shares of Hasbro by 46.3% during the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Hasbro by 41.4% during the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock worth $34,000 after purchasing an additional 123 shares during the period. 86.93% of the stock is currently owned by institutional investors and hedge funds.

About Hasbro

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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