Stifel Nicolaus Issues Pessimistic Forecast for Hasbro (NASDAQ:HAS) Stock Price

Hasbro (NASDAQ:HAS) had its price target reduced by research 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 currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 36.45% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America boosted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” 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. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Hasbro Stock Up 0.9 %

NASDAQ HAS opened at $56.43 on Friday. The stock has a market cap of $7.87 billion, a PE ratio of -12.16, a P/E/G ratio of 0.57 and a beta of 0.62. The business has a 50 day moving average price of $62.41 and a two-hundred day moving average price of $64.52. Hasbro has a fifty-two week low of $46.09 and a fifty-two week high of $73.46. 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 (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was down 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro will post 3.93 EPS for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after purchasing an additional 135,548 shares in the last quarter. Samlyn Capital LLC lifted its holdings in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after buying an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after acquiring an additional 97,039 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

About Hasbro

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.