Hasbro, Inc. (HAS) PT Lowered to $104.00 at Stifel Nicolaus

Hasbro, Inc. (NASDAQ:HAS) had its price objective reduced by Stifel Nicolaus from $109.00 to $104.00 in a research report report published on Monday. Stifel Nicolaus currently has a hold rating on the stock.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Hasbro from a strong-buy rating to a buy rating in a research note on Saturday, August 12th. DA Davidson reiterated a buy rating and issued a $121.00 price target (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC restated a buy rating and set a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Hasbro from a hold rating to a buy rating and set a $125.00 target price on the stock in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $107.18.

Hasbro (NASDAQ:HAS) traded down 0.29% during midday trading on Monday, reaching $96.44. The company had a trading volume of 193,834 shares. Hasbro has a one year low of $77.20 and a one year high of $116.20. The stock’s 50 day moving average price is $96.11 and its 200-day moving average price is $101.74. The firm has a market capitalization of $12.06 billion, a P/E ratio of 20.89 and a beta of 0.92.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the business earned $0.41 EPS. Hasbro’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro will post $5.07 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.36%. Hasbro’s dividend payout ratio is 49.35%.

In related news, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $3,079,515.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Wiebe Tinga sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,630 shares of the company’s stock, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,423,264 shares of company stock worth $145,144,664 in the last quarter. 11.00% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. bought a new position in Hasbro in the 3rd quarter valued at approximately $607,000. Toronto Dominion Bank lifted its stake in Hasbro by 26.2% in the 2nd quarter. Toronto Dominion Bank now owns 38,104 shares of the company’s stock valued at $4,248,000 after purchasing an additional 7,912 shares during the last quarter. Advisory Services Network LLC lifted its stake in Hasbro by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 9,607 shares of the company’s stock valued at $1,071,000 after purchasing an additional 239 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Hasbro by 27.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 7,840 shares of the company’s stock valued at $875,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Hasbro in the 2nd quarter valued at approximately $268,000. 77.66% of the stock is ow

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Hasbro from a strong-buy rating to a buy rating in a research note on Saturday, August 12th. DA Davidson reiterated a buy rating and issued a $121.00 price target (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC restated a buy rating and set a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Hasbro from a hold rating to a buy rating and set a $125.00 target price on the stock in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $107.18.

Hasbro (NASDAQ:HAS) traded down 0.29% during midday trading on Monday, reaching $96.44. The company had a trading volume of 193,834 shares. Hasbro has a one year low of $77.20 and a one year high of $116.20. The stock’s 50 day moving average price is $96.11 and its 200-day moving average price is $101.74. The firm has a market capitalization of $12.06 billion, a P/E ratio of 20.89 and a beta of 0.92.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the business earned $0.41 EPS. Hasbro’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro will post $5.07 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/hasbro-inc-has-pt-lowered-to-104-00-at-stifel-nicolaus.html.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.36%. Hasbro’s dividend payout ratio is 49.35%.

In related news, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $3,079,515.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Wiebe Tinga sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,630 shares of the company’s stock, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,423,264 shares of company stock worth $145,144,664 in the last quarter. 11.00% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. bought a new position in Hasbro in the 3rd quarter valued at approximately $607,000. Toronto Dominion Bank lifted its stake in Hasbro by 26.2% in the 2nd quarter. Toronto Dominion Bank now owns 38,104 shares of the company’s stock valued at $4,248,000 after purchasing an additional 7,912 shares during the last quarter. Advisory Services Network LLC lifted its stake in Hasbro by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 9,607 shares of the company’s stock valued at $1,071,000 after purchasing an additional 239 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Hasbro by 27.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 7,840 shares of the company’s stock valued at $875,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Hasbro in the 2nd quarter valued at approximately $268,000. 77.66% of the stock is owned by institutional investors and hedge funds.

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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