Hasbro, Inc. (NASDAQ:HAS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $80.22.

HAS has been the subject of several analyst reports. Roth Mkm raised their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson boosted their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. Raymond James & Associates lifted its holdings in shares of Hasbro by 30.2% during the 3rd quarter. Raymond James & Associates now owns 180,127 shares of the company’s stock valued at $13,027,000 after buying an additional 41,829 shares during the period. Signaturefd LLC grew its position in Hasbro by 41.3% during the third quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock valued at $196,000 after buying an additional 791 shares during the period. International Assets Investment Management LLC raised its position in Hasbro by 7,141.6% in the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after acquiring an additional 55,847 shares during the period. Finally, Tectonic Advisors LLC lifted its position in Hasbro by 14.1% during the third quarter. Tectonic Advisors LLC now owns 100,691 shares of the company’s stock valued at $7,282,000 after purchasing an additional 12,419 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $68.55 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock’s 50 day moving average is $58.72 and its 200-day moving average is $64.26. Hasbro has a 12 month low of $48.63 and a 12 month high of $73.46. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 0.60 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Equities research analysts expect that Hasbro will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.08%. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

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.