Jefferies Maintains Hasbro to Hold with Price Target $76.00

Brokerage firm Jefferies Maintains its rating on Hasbro(NASDAQ:HAS). In a research note issued to the investors, the brokerage major Raises the price-target to $76.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Apr 12, 2016.

In a different note, UBS said it Initiates Coverage on Hasbro, according to a research note issued on Mar 24, 2016. The shares have been rated ‘Neutral’ by the firm. On Feb 9, 2016, Barclays said it Maintains its rating on Hasbro. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Hasbro (HAS) made into the market gainers list on Fridays trading session with the shares advancing 1.33% or 1.08 points. Due to strong positive momentum, the stock ended at $82.41, which is also near the day’s high of $82.61. The stock began the session at $81.32 and the volume stood at 15,13,147 shares. The 52-week high of the shares is $84.42 and the 52 week low is $60.38. The company has a current market capitalization of $10,284 M and it has 12,47,95,430 shares in outstanding.

Hasbro has also declared a cash dividend of $0.5100 on Feb 8, 2016. The shares will quote ex-dividend on Apr 28, 2016 and the record date has been fixed on May 2, 2016. The dividend payable date has been fixed on May 16, 2016.

Hasbro(HAS) last announced its earnings results on Feb 8, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.47B. Analysts had an estimated revenue of $1.36B. Earnings per share were $1.39. Analysts had estimated an EPS of $1.29.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Duncan Billing (EVP, Chief Global Operations) sold 10,872 shares at $76.09 per share price.Also, On Feb 25, 2016, Brian Goldner (President, CEO & Chairman) sold 130,000 shares at $74.47 per share price.On Feb 22, 2016, Alan G Hassenfeld (director) sold 585,000 shares at $72.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Company’s business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.

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