Hasbro (NASDAQ:HAS) has been given a $110.00 price target by investment analysts at Jefferies Group in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 25.37% from the stock’s previous close. Jefferies Group also issued estimates for Hasbro’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $2.28 EPS, Q4 2018 earnings at $1.81 EPS, FY2018 earnings at $4.96 EPS, Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $2.57 EPS and FY2019 earnings at $5.52 EPS.
A number of other brokerages also recently weighed in on HAS. Wells Fargo reiterated a “market perform” rating and issued a $100.00 price target (up from $95.00) on shares of Hasbro in a research report on Thursday, February 8th. BMO Capital Markets dropped their target price on shares of Hasbro from $100.00 to $96.00 and set a “market perform” rating on the stock in a report on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, B. Riley raised their target price on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $108.43.
Hasbro (NASDAQ HAS) opened at $87.74 on Thursday. The stock has a market cap of $10,946.26, a PE ratio of 28.12, a PEG ratio of 1.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56. Hasbro has a one year low of $87.30 and a one year high of $116.20.
In other news, EVP Wiebe Tinga sold 3,955 shares of Hasbro stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $97.19, for a total value of $384,386.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Deborah Thomas sold 6,000 shares of Hasbro stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $96.33, for a total transaction of $577,980.00. The disclosure for this sale can be found here. Insiders have sold a total of 394,435 shares of company stock worth $38,337,975 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HAS. Victory Capital Management Inc. grew its stake in shares of Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock valued at $169,076,000 after buying an additional 1,145,999 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Hasbro by 1,065.5% in the fourth quarter. Schroder Investment Management Group now owns 1,060,823 shares of the company’s stock valued at $96,418,000 after buying an additional 969,806 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Hasbro by 517.6% in the fourth quarter. Renaissance Technologies LLC now owns 752,805 shares of the company’s stock valued at $68,422,000 after buying an additional 630,905 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Hasbro by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock valued at $296,977,000 after buying an additional 426,136 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Hasbro by 38.9% in the third quarter. Ameriprise Financial Inc. now owns 1,440,532 shares of the company’s stock valued at $140,539,000 after buying an additional 403,580 shares in the last quarter. Institutional investors own 80.66% of the company’s stock.
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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.
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