Hasbro (HAS) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of Hasbro (NASDAQ:HAS) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday, April 16th, BidAskClub reports.

Other research analysts have also recently issued research reports about the company. Citigroup cut their price objective on Hasbro from $106.00 to $103.00 and set a buy rating for the company in a research report on Monday, March 11th. ValuEngine raised Hasbro from a hold rating to a buy rating in a research note on Tuesday, January 22nd. MKM Partners decreased their price objective on Hasbro to $102.00 and set a buy rating on the stock in a research note on Friday, January 18th. KeyCorp set a $110.00 price objective on Hasbro and gave the company a buy rating in a research note on Wednesday, February 20th. Finally, Monness Crespi & Hardt raised Hasbro from a neutral rating to a buy rating and set a $109.00 price objective on the stock in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Hasbro has an average rating of Buy and an average price target of $106.07.

Shares of HAS stock traded up $0.23 during trading hours on Tuesday, hitting $100.69. The stock had a trading volume of 678,885 shares, compared to its average volume of 1,286,221. The company has a market capitalization of $12.74 billion, a P/E ratio of 26.15, a PEG ratio of 2.17 and a beta of 0.98. Hasbro has a twelve month low of $76.84 and a twelve month high of $109.60. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $732.51 million during the quarter, compared to the consensus estimate of $665.96 million. During the same period last year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts predict that Hasbro will post 4.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is 70.65%.

In other news, EVP Dolph Johnson sold 17,000 shares of the business’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 value of $1,737,400.00. Following the completion of the sale, the executive vice president now directly owns 45,338 shares in the company, valued at approximately $4,633,543.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Goldner sold 317,306 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $102.55, for a total value of $32,539,730.30. Following the completion of the sale, the chief executive officer now owns 375,111 shares of the company’s stock, valued at $38,467,633.05. The disclosure for this sale can be found here. Insiders sold a total of 346,056 shares of company stock valued at $35,488,019 over the last quarter. Company insiders own 9.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in Hasbro by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock valued at $15,871,000 after purchasing an additional 2,652 shares during the period. LGT Capital Partners LTD. boosted its position in Hasbro by 13.2% during the 4th quarter. LGT Capital Partners LTD. now owns 187,200 shares of the company’s stock worth $15,210,000 after acquiring an additional 21,900 shares during the period. First Hawaiian Bank boosted its position in Hasbro by 2.4% during the 4th quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock worth $579,000 after acquiring an additional 165 shares during the period. Captrust Financial Advisors boosted its position in Hasbro by 54.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock worth $184,000 after acquiring an additional 619 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Hasbro by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after acquiring an additional 701,535 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Hasbro Company Profile

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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