Hasbro (NASDAQ:HAS) Upgraded at Argus
Argus upgraded shares of Hasbro (NASDAQ:HAS) from a hold rating to a buy rating in a report released on Friday, 24/7 WallStreet reports. They currently have $145.00 price target on the stock.
A number of other research analysts also recently issued reports on the company. BMO Capital Markets set a $81.00 price objective on Kilroy Realty and gave the company a buy rating in a research note on Wednesday, July 24th. TheStreet downgraded USD Partners from a b- rating to a c+ rating in a research note on Friday, May 10th. Stifel Nicolaus set a $113.00 price objective on Neurocrine Biosciences and gave the company a buy rating in a research note on Monday, July 15th. MKM Partners boosted their price objective on Hasbro from $123.00 to $126.00 and gave the company a buy rating in a research note on Wednesday, July 24th. Finally, BidaskClub downgraded Zai Lab from a strong-buy rating to a buy rating in a research note on Friday. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $114.69.
Shares of NASDAQ:HAS opened at $123.67 on Friday. The firm has a market cap of $15.56 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.49 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. The company has a 50-day simple moving average of $108.35. Hasbro has a 1 year low of $76.84 and a 1 year high of $124.33.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, July 31st. Hasbro’s dividend payout ratio (DPR) is currently 70.65%.
In related news, EVP Thomas J. Jr. Courtney sold 4,063 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $102.13, for a total transaction of $414,954.19. Following the transaction, the executive vice president now directly owns 28,545 shares of the company’s stock, valued at approximately $2,915,300.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stephen J. Davis sold 4,200 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $98.24, for a total value of $412,608.00. Following the transaction, the executive vice president now directly owns 39,238 shares in the company, valued at $3,854,741.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 329,256 shares of company stock worth $33,754,427. 9.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HAS. Ronna Sue Cohen increased its holdings in Hasbro by 8,221.2% during the 1st quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock worth $3,609,000 after purchasing an additional 3,565,801 shares in the last quarter. Norges Bank bought a new stake in Hasbro during the 4th quarter worth approximately $92,891,000. Artisan Partners Limited Partnership increased its holdings in Hasbro by 88.5% during the 1st quarter. Artisan Partners Limited Partnership now owns 957,518 shares of the company’s stock worth $81,408,000 after purchasing an additional 449,569 shares in the last quarter. Deutsche Bank AG increased its holdings in Hasbro by 126.0% during the 4th quarter. Deutsche Bank AG now owns 707,597 shares of the company’s stock worth $57,487,000 after purchasing an additional 394,515 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in Hasbro by 76.0% during the 1st quarter. Great Lakes Advisors LLC now owns 447,159 shares of the company’s stock worth $38,018,000 after purchasing an additional 193,061 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.
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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