Hasbro (NASDAQ:HAS) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a report published on Wednesday.

Several other equities analysts have also weighed in on HAS. Jefferies Financial Group lifted their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a buy rating in a report on Friday, April 19th. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a report on Wednesday, February 14th. Roth Mkm lifted their target price on shares of Hasbro from $60.00 to $65.00 and gave the company a buy rating in a report on Monday, April 8th. Finally, DA Davidson reiterated a neutral rating and issued a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $65.73.

Hasbro Trading Down 0.8 %

Shares of HAS opened at $64.47 on Wednesday. The company’s fifty day moving average is $54.43 and its two-hundred day moving average is $51.18. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. Hasbro’s revenue for the quarter was down 24.3% on a year-over-year basis. During the same quarter last year, the business earned $0.01 EPS. Equities analysts predict that Hasbro will post 3.39 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -27.61%.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently modified their holdings of the business. Aigen Investment Management LP acquired a new position in Hasbro during the 3rd quarter valued at about $1,250,000. Janney Montgomery Scott LLC boosted its stake in Hasbro by 6.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock valued at $3,133,000 after purchasing an additional 2,875 shares during the period. Albion Financial Group UT boosted its stake in Hasbro by 105.7% during the 3rd quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock valued at $3,885,000 after purchasing an additional 30,192 shares during the period. Assenagon Asset Management S.A. boosted its stake in Hasbro by 125.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after purchasing an additional 15,466 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Hasbro by 2,610.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock valued at $2,871,000 after purchasing an additional 41,812 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.