Hasbro (NASDAQ:HAS) Given New $111.00 Price Target at Wells Fargo & Co

Hasbro (NASDAQ:HAS) had its target price upped by Wells Fargo & Co from $95.00 to $111.00 in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also commented on the stock. Barclays boosted their price objective on shares of Hasbro from $115.00 to $130.00 and gave the stock an overweight rating in a report on Wednesday, July 24th. Argus upgraded shares of Hasbro from a hold rating to a buy rating and set a $145.00 price objective on the stock in a report on Friday, July 26th. TheStreet upgraded shares of Hasbro from a c+ rating to a b- rating in a report on Friday, May 10th. BMO Capital Markets boosted their price objective on shares of Hasbro from $93.00 to $105.00 and gave the stock a market perform rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price objective on shares of Hasbro from $95.00 to $99.00 and gave the stock a hold rating in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $118.85.

Shares of NASDAQ HAS traded down $1.32 during trading on Thursday, hitting $113.51. 1,709,557 shares of the company traded hands, compared to its average volume of 1,181,915. Hasbro has a 1 year low of $76.84 and a 1 year high of $126.87. The stock has a 50-day moving average of $110.50. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.64 and a quick ratio of 2.11.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The company had revenue of $984.54 million during the quarter, compared to analysts’ expectations of $958.91 million. During the same period in the previous year, the company earned $0.48 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that Hasbro will post 4.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, October 31st. Hasbro’s dividend payout ratio (DPR) is 70.65%.

In other news, EVP Stephen J. Davis sold 4,200 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $98.24, for a total value of $412,608.00. Following the completion of the transaction, the executive vice president now directly owns 39,238 shares in the company, valued at $3,854,741.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of HAS. Cullen Frost Bankers Inc. bought a new position in shares of Hasbro in the first quarter valued at approximately $29,000. Kavar Capital Partners LLC acquired a new stake in Hasbro during the second quarter valued at approximately $37,000. Icon Wealth Partners LLC acquired a new stake in Hasbro during the first quarter valued at approximately $38,000. Thor Advisors LLC acquired a new stake in Hasbro during the first quarter valued at approximately $51,000. Finally, Quadrant Capital Group LLC lifted its stake in Hasbro by 1,569.2% during the first quarter. Quadrant Capital Group LLC now owns 651 shares of the company’s stock valued at $54,000 after purchasing an additional 612 shares during the last quarter. Institutional investors and hedge funds own 86.64% 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.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

Analyst Recommendations for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.