Hasbro, Inc. (NASDAQ:HAS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $80.67.

HAS has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley lifted their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC grew its position in shares of Hasbro by 351.7% during the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock valued at $1,380,000 after purchasing an additional 19,007 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after buying an additional 55,847 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Hasbro by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock worth $8,149,000 after acquiring an additional 10,961 shares during the last quarter. GW Henssler & Associates Ltd. purchased a new stake in shares of Hasbro during the 3rd quarter worth approximately $18,163,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Hasbro by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after acquiring an additional 8,280 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Up 0.1 %

HAS stock opened at $61.76 on Wednesday. The business’s 50-day moving average is $68.89 and its two-hundred day moving average is $64.32. The company has a market cap of $8.62 billion, a price-to-earnings ratio of -13.31, a P/E/G ratio of 0.57 and a beta of 0.63. Hasbro has a fifty-two week low of $43.74 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, analysts forecast that Hasbro will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. Hasbro’s dividend payout ratio is -60.34%.

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.