Wells Fargo & Co Trims Hasbro (HAS) Target Price to $82.00

Hasbro (NASDAQ:HAS) had its price objective reduced by Wells Fargo & Co from $90.00 to $82.00 in a research report released on Thursday morning, The Fly reports. Wells Fargo & Co currently has a market perform rating on the stock.

Several other analysts have also commented on the stock. KeyCorp set a $110.00 price target on shares of Hasbro and gave the company a buy rating in a research report on Wednesday, February 20th. MKM Partners reduced their price target on shares of Hasbro to $102.00 and set a buy rating on the stock in a research report on Friday, January 18th. ValuEngine raised Hasbro from a hold rating to a buy rating in a research report on Tuesday, January 22nd. Monness Crespi & Hardt raised Hasbro from a neutral rating to a buy rating and set a $109.00 target price on the stock in a research report on Monday, February 11th. Finally, Citigroup cut their target price on Hasbro from $106.00 to $103.00 and set a buy rating on the stock in a research report on Monday, March 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $102.67.

NASDAQ HAS opened at $83.51 on Thursday. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.66 and a beta of 0.91. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The company has a quick ratio of 2.07, a current ratio of 2.42 and a debt-to-equity ratio of 0.97.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business posted $2.30 EPS. The business’s quarterly revenue was down 13.0% on a year-over-year basis. Analysts forecast that Hasbro will post 4.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.68 dividend. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a yield of 3.26%. Hasbro’s payout ratio is presently 65.45%.

Institutional investors have recently bought and sold shares of the company. Sigma Planning Corp grew its stake in shares of Hasbro by 4.4% during the fourth quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock worth $216,000 after purchasing an additional 112 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Hasbro by 41.4% during the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock worth $34,000 after purchasing an additional 123 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Hasbro by 46.3% during the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Hasbro by 38.2% during the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after purchasing an additional 128 shares in the last quarter. Finally, CSat Investment Advisory L.P. grew its stake in shares of Hasbro by 77.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock worth $25,000 after purchasing an additional 134 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

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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