Hasbro (NASDAQ:HAS) Price Target Cut to $77.00 by Analysts at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its price target dropped by investment analysts at Stifel Nicolaus from $82.00 to $77.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 36.45% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Trading Up 0.9 %

NASDAQ:HAS opened at $56.43 on Friday. The company has a market capitalization of $7.87 billion, a PE ratio of -12.16, a P/E/G ratio of 0.57 and a beta of 0.62. Hasbro has a 52-week low of $46.09 and a 52-week high of $73.46. The stock’s 50 day moving average price is $62.41 and its 200 day moving average price is $64.52. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

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

Insider Buying and Selling at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several hedge funds have recently made changes to their positions in the business. True Wealth Design LLC purchased a new stake in Hasbro in the third quarter valued at approximately $31,000. Blue Trust Inc. grew its stake in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Hasbro during the 2nd quarter valued at $27,000. Asset Dedication LLC increased its holdings in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 351 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Hasbro in the 3rd quarter worth $40,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.