Hasbro, Inc. (NASDAQ:HAS) Receives $73.18 Consensus Target Price from Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $77.80.

A number of equities analysts have recently commented on the company. Bank of America lifted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday. Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley upped their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st.

Hasbro Trading Up 0.5 %

Shares of HAS stock opened at $66.42 on Friday. The company has a 50 day moving average price of $69.84 and a 200 day moving average price of $63.60. Hasbro has a one year low of $42.66 and a one year high of $73.46. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.42. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted $1.64 EPS. The business’s quarterly revenue was down 14.8% on a year-over-year basis. Analysts forecast that Hasbro will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio is currently -37.53%.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of HAS. Axiom Advisory LLC grew its position in shares of Hasbro by 1.6% during the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after buying an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after acquiring an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Hasbro by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after purchasing an additional 217 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Hasbro by 0.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after purchasing an additional 288 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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.