Hasbro (NASDAQ:HAS) Price Target Raised to $82.00

Hasbro (NASDAQ:HAS) had its target price upped by Roth Mkm from $68.00 to $82.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently issued reports on HAS. 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. DA Davidson lifted their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Hasbro Stock Down 2.2 %

HAS opened at $67.56 on Friday. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.60 and a beta of 0.64. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm’s 50-day simple moving average is $58.42 and its 200-day simple moving average is $64.21. Hasbro has a twelve month low of $48.63 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS) last issued 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Equities research analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm 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. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Insider Buying and Selling

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hasbro

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

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.