BNP Paribas Exane Lowers Hasbro (NASDAQ:HAS) Price Target to $115.00

Hasbro (NASDAQ:HAS) had its target price reduced by equities research analysts at BNP Paribas Exane from $118.00 to $115.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. BNP Paribas Exane’s price objective suggests a potential upside of 27.56% from the company’s previous close.

HAS has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Wolfe Research raised their price target on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Wells Fargo & Company started coverage on shares of Hasbro in a research note on Wednesday, March 11th. They set an “equal weight” rating and a $98.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.86.

Hasbro Price Performance

Shares of Hasbro stock traded down $3.45 during mid-day trading on Wednesday, reaching $90.16. 398,614 shares of the stock traded hands, compared to its average volume of 1,862,252. The business has a 50-day moving average of $95.26 and a 200 day moving average of $84.87. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The stock has a market capitalization of $12.68 billion, a PE ratio of -38.52 and a beta of 0.54. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The business’s revenue was up 31.3% on a year-over-year basis. On average, analysts predict that Hasbro will post 4.33 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Tarrant L. Sibley sold 15,148 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the completion of the transaction, the executive vice president directly owned 50,174 shares in the company, valued at approximately $5,267,266.52. This represents a 23.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the sale, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 413,342 shares of company stock valued at $42,241,679. 0.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently made changes to their positions in the stock. Huntington National Bank lifted its holdings in shares of Hasbro by 10.2% in the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after acquiring an additional 114 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after purchasing an additional 137 shares during the last quarter. Signaturefd LLC raised its position in Hasbro by 6.4% in the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after purchasing an additional 137 shares during the period. United Capital Financial Advisors LLC lifted its stake in Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares in the last quarter. Finally, Clarius Group LLC lifted its stake in Hasbro by 0.6% during the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock worth $1,766,000 after purchasing an additional 146 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.