Hasbro, Inc. (NASDAQ:HAS) – Equities researchers at B. Riley cut their Q4 2018 earnings per share (EPS) estimates for Hasbro in a report issued on Wednesday, October 17th, according to Zacks Investment Research. B. Riley analyst S. Anderson now forecasts that the company will post earnings per share of $1.88 for the quarter, down from their previous forecast of $1.91. B. Riley currently has a “Buy” rating and a $114.00 price target on the stock.
Other research analysts have also issued research reports about the stock. Barclays raised their price target on shares of Hasbro from $100.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, July 24th. TheStreet upgraded shares of Hasbro from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Citigroup lifted their price objective on shares of Hasbro from $101.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. SunTrust Banks lowered their price objective on shares of Hasbro to $96.00 and set a “hold” rating for the company in a research note on Tuesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Hasbro from $75.00 to $85.00 and gave the company an “underperform” rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Hasbro currently has a consensus rating of “Hold” and a consensus target price of $105.33.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC boosted its holdings in Hasbro by 87.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock worth $118,000 after acquiring an additional 600 shares during the last quarter. McKinley Carter Wealth Services Inc. purchased a new position in Hasbro during the 1st quarter worth $136,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Hasbro during the 2nd quarter worth $136,000. Cerebellum GP LLC purchased a new position in Hasbro during the 2nd quarter worth $165,000. Finally, Bbva Compass Bancshares Inc. purchased a new position in Hasbro during the 3rd quarter worth $179,000. 78.82% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Wiebe Tinga sold 6,000 shares of Hasbro stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total value of $598,800.00. Following the completion of the sale, the executive vice president now owns 44,559 shares of the company’s stock, valued at approximately $4,446,988.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Tarrant L. Sibley sold 1,525 shares of Hasbro stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total transaction of $152,500.00. Following the completion of the sale, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The disclosure for this sale can be found here. In the last three months, insiders sold 81,971 shares of company stock valued at $8,296,408. 9.90% of the stock is currently owned by insiders.
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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