Citigroup Maintains Hasbro to Buy with Price Target $98.00

Brokerage firm Citigroup Maintains its rating on Hasbro(NASDAQ:HAS). In a research note issued to the investors, the brokerage major Raises the price-target to $98.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 6, 2016.

In a different note, On May 10, 2016, Piper Jaffray said it Downgrades its rating on Hasbro. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, JP Morgan said it Maintains its rating on Hasbro. In the research note, the firm Raises the price-target to $81.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Barclays said it Maintains its rating on Hasbro. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Equal-weight’ by the firm. JP Morgan said it Initiates Coverage on Hasbro, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Neutral’ by the firm. 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.

Hasbro (HAS) shares turned negative on Fridays trading session with the shares closing down -1.15 points or -1.32% at a volume of 4,46,746. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $86.835. The peak price level was also seen at $86.835 while the days lowest was $85.49. Finally the shares closed at $85.92. The 52-week high of the shares is $88.53 while the 52-week low is $60.38. According to the latest information available, the market cap of the company is $10,714 M.

Hasbro has also declared a cash dividend of $0.5100 on May 19, 2016. The shares will quote ex-dividend on Jul 28, 2016 and the record date has been fixed on Aug 1, 2016. The dividend payable date has been fixed on Aug 15, 2016.

Hasbro(HAS) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $831.18M. Analysts had an estimated revenue of $775.12M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Duncan Billing (EVP, Chief Gbl Ops & Bus Dvpmt) sold 3,514 shares at $87.27 per share price.Also, On May 25, 2016, John Frascotti (President, Hasbro Brands) sold 36,170 shares at $87.00 per share price.On May 24, 2016, Wiebe Tinga (EVP & Chief Commerical Officer) sold 25,000 shares at $85.01 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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