Stifel Nicolaus Has Lowered Expectations for Hasbro (NASDAQ:HAS) Stock Price

Hasbro (NASDAQ:HAS) had its target price reduced by analysts at Stifel Nicolaus from $82.00 to $77.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 35.56% from the stock’s previous close.

Several other equities analysts have also recently weighed in on HAS. Jefferies Financial Group raised their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Trading Up 0.7 %

NASDAQ HAS opened at $56.80 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro has a 52 week low of $46.09 and a 52 week high of $73.46. The business has a 50 day moving average price of $62.22 and a 200-day moving average price of $64.49. The company has a market cap of $7.92 billion, a price-to-earnings ratio of -12.24, a P/E/G ratio of 0.57 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business posted $1.64 EPS. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. As a group, equities analysts expect that Hasbro will post 3.93 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several large investors have recently added to or reduced their stakes in HAS. True Wealth Design LLC bought a new position in Hasbro during the third quarter worth about $31,000. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. Plato Investment Management Ltd bought a new position in Hasbro in the 2nd quarter worth approximately $27,000. Asset Dedication LLC grew its stake in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Hasbro during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.