Shares of Hasbro, Inc. (NASDAQ:HAS) trading up this morning. The company released their Fourth Quarter and Fiscal Year 2015 numbers today, and the stock has responded by going up about 0.93% this morning in the pre-market.
Hasbro, Inc. (NASDAQ:HAS) reported that they saw $1.39 in earnings per share for the quarter on approximatley $1.47 billion in revenue. This blew away Wall Street’s estimates of just $1.30 per share on $1.37 billion in revenue. This comes, all the while, the company reported that exchange rates had a very negative impact on their revenue numbers. The company said that their revenue would have even been higher (23 percent vs the 13 percent increase on constant currency), if these fluctuations had not occurred.
For the year, revenues increased year-over-year by 4% from $4.28 billion in 2014 to $4.45 billion in 2015. The company also raised their quarterly dividend from $0.46 up to $0.51.
“Hasbro’s global teams delivered another year of revenue, operating profit and earnings growth supported by our diversified brand portfolio, story-led initiatives and strong global execution,” CEO Brian Goldner explained.
The stock closed at $74.1 during the last trading session. It is down 2.40% since July 2, 2015 and is downtrending. It has outperformed the S&P500 by 4.90%.
From a total of 10 analysts covering Hasbro Inc. (NASDAQ:HAS) stock, 4 rate it a “Buy”, 0 a “Sell”, and 6 a “Hold”. This means that 40% of the ratings are positive. The highest target price is $93 while the lowest target price is $72. The mean of all analyst targets is $80.63 which is 8.81% above today’s ($74.1) stock price. Hasbro Inc. was the topic of 16 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Jefferies initiated shares on December 4 with a “Hold” rating. Piper Jaffray downgraded shares to a”Neutral” rating and a $85 target share price in their report from a July 21. M Partners maintained HAS stock in a recent report from October 13 with a “Neutral” rating. Finally, Sterne Agee CRT initiated the stock with a “Buy” rating in a report they issued on a September 16.
The institutional sentiment decreased to 0.92 in Q2 2015. It’s down 0.14, from 1.06 in 2015Q2. The ratio fall, as 53 funds sold all their Hasbro, Inc. shares they owned while 173 reduced their positions. 60 funds bought stakes while 148 increased their total positions. Institutions now own 111.99 million shares which is 9.32% more than the previous share count of 102.45 million in 2015Q2.
Cincinnati Indemnity Co holds 7.46% of its total portfolio in Hasbro, Inc., equating to 21,000 shares. Cincinnati Casualty Co owns 42,500 shares representing 3.92% of their total US portfolio. Moreover, Cincinnati Insurance Co has 3.47% of their total portfolio invested in the company, equating to 1.26 million shares. The California-based Alethea Capital Management Llc has a total of 3.3% of their portfolio invested in the stock. Cincinnati Specialty Underwriters Insurance Co, a Ohio-based fund reported 30,000 shares owned.
Since April 24, 2015, the stock had 1 insider buy, and 2 sales for a total of $1.11 million in net activity. Billing Duncan bought 152 shares worth $11,733. Tinga Wiebe sold 10,000 shares worth $805,732. Frascotti John sold 31,602 shares worth $2.31M. Finigan Barbara sold 28,001 shares worth $2.01 million. The insider Goldner Brian sold 138,703 shares worth $10.04M.
Hasbro, Inc. , through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. The company has a market cap of $9.02 billion. The Company’s 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. It has 21.1 P/E ratio. The Firm markets its brands under product categories, which include boys, games, girls and preschool toys.