Hasbro, Inc. (NASDAQ:HAS) Receives $79.89 Consensus PT from Analysts

Hasbro, Inc. (NASDAQ:HAS) has been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $79.89.

A number of research analysts have issued reports on HAS shares. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Citigroup upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday, April 25th. DA Davidson upgraded Hasbro to a “hold” rating in a research report on Monday, April 14th. Finally, Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd.

Hasbro Price Performance

Shares of HAS opened at $61.48 on Wednesday. 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 company’s fifty day moving average price is $58.49 and its 200-day moving average price is $60.42. Hasbro has a 1-year low of $49.00 and a 1-year high of $73.46. The firm has a market capitalization of $8.60 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.55%. Hasbro’s dividend payout ratio (DPR) is presently 92.41%.

Hedge Funds Weigh In On Hasbro

Several hedge funds have recently bought and sold shares of HAS. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro during the third quarter worth about $45,000. Principal Financial Group Inc. boosted its position in Hasbro by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 153,904 shares of the company’s stock valued at $11,130,000 after buying an additional 5,771 shares during the period. Diversified Trust Co acquired a new position in shares of Hasbro in the fourth quarter worth $566,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Hasbro by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock worth $797,000 after acquiring an additional 259 shares during the period. Finally, Graypoint LLC increased its position in shares of Hasbro by 3.8% during the fourth quarter. Graypoint LLC now owns 11,038 shares of the company’s stock worth $617,000 after acquiring an additional 404 shares during the period. Institutional investors and hedge funds 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.