Hasbro, Inc. (NASDAQ:HAS) Receives $80.11 Consensus PT from Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $80.00.

HAS has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday.

Insider Activity

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

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC bought a new position in Hasbro during the third quarter worth $31,000. Blue Trust Inc. lifted its holdings in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Hasbro during the fourth quarter worth $25,000. Allworth Financial LP lifted its holdings in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after buying an additional 263 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro during the third quarter worth $40,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Down 2.2 %

Hasbro stock opened at $67.56 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 fifty day simple moving average is $58.42 and its 200-day simple moving average is $64.21. The firm has a market capitalization of $9.42 billion, a P/E ratio of 24.57, a P/E/G ratio of 0.60 and a beta of 0.64. Hasbro has a twelve month low of $48.63 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts expect that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Monday, March 3rd. 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.