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

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

Several research analysts have recently weighed in on HAS shares. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, DA Davidson raised their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after purchasing an additional 8,270 shares during the period. American Trust acquired a new stake in Hasbro during the 3rd quarter worth approximately $634,000. Quest Partners LLC boosted its position in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after buying an additional 26,337 shares during the period. Larson Financial Group LLC boosted its position in Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after buying an additional 799 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after acquiring an additional 2,426 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.7 %

Shares of Hasbro stock opened at $60.22 on Tuesday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock’s 50 day simple moving average is $60.50 and its 200-day simple moving average is $63.93. The stock has a market cap of $8.40 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro has a 1-year low of $52.95 and a 1-year high of $73.46.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.65%. Hasbro’s dividend payout ratio 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.