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

Hasbro, Inc. (NASDAQ:HAS) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $69.64.

A number of equities research analysts recently weighed in on HAS shares. UBS Group upped their price target on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Roth Mkm lifted their price target on shares of Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Bank of America raised shares of Hasbro from a “neutral” rating to a “buy” rating and lifted their target price for the company from $70.00 to $80.00 in a research note on Friday, June 14th. Monness Crespi & Hardt boosted their target price on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of Hasbro from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd.

Hasbro Stock Performance

Shares of Hasbro stock opened at $64.27 on Monday. The business’s 50 day moving average price is $60.15 and its 200 day moving average price is $57.01. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -6.34, a PEG ratio of 0.51 and a beta of 0.62. Hasbro has a one year low of $42.66 and a one year high of $73.57.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. On average, research analysts predict that Hasbro will post 3.89 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 4.36%. Hasbro’s dividend payout ratio is currently -27.61%.

Insider Buying and Selling

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, the executive vice president now owns 53,003 shares in the company, valued at approximately $3,193,960.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hasbro

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after buying an additional 135,548 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Hasbro during the 2nd quarter worth approximately $27,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Hasbro in the second quarter valued at approximately $305,000. Qsemble Capital Management LP purchased a new position in Hasbro during the second quarter worth about $1,911,000. Finally, American Century Companies Inc. grew its position in Hasbro by 25.8% in the second quarter. American Century Companies Inc. now owns 17,377 shares of the company’s stock worth $1,017,000 after acquiring an additional 3,567 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.