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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $86.4167.

HAS has been the subject of a number of research analyst reports. DA Davidson raised their target price on Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Citigroup increased their price target on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. UBS Group increased their price target on Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen raised Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Finally, Roth Capital increased their price target on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently modified their holdings of the business. Kovitz Investment Group Partners LLC boosted its holdings in Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after buying an additional 2,427,299 shares during the last quarter. Norges Bank acquired a new stake in Hasbro in the 2nd quarter worth about $123,710,000. Mane Global Capital Management LP acquired a new stake in Hasbro in the 2nd quarter worth about $77,471,000. Nuveen LLC acquired a new stake in Hasbro in the 1st quarter worth about $30,347,000. Finally, Raymond James Financial Inc. acquired a new stake in Hasbro in the 4th quarter worth about $23,623,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of HAS stock opened at $80.55 on Friday. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of -19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business has a fifty day moving average of $74.44 and a 200 day moving average of $65.61. Hasbro has a 1 year low of $49.00 and a 1 year high of $80.83.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, research analysts expect that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Hasbro’s dividend payout ratio (DPR) is -68.97%.

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.