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

Hasbro, Inc. (NASDAQ:HAS) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $66.36.

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Monness Crespi & Hardt raised their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group raised their price target on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Bank of America raised their price target on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th.

Institutional Investors Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently modified their holdings of HAS. Studio Investment Management LLC bought a new stake in Hasbro in the third quarter worth about $26,000. Lindbrook Capital LLC grew its stake in Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after acquiring an additional 167 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after acquiring an additional 408 shares in the last quarter. ING Groep NV acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $29,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Hasbro during the 4th quarter valued at about $36,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 1.6 %

Shares of NASDAQ:HAS opened at $60.34 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a 50 day moving average of $55.13 and a two-hundred day moving average of $51.24. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of -5.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same quarter last year, the company earned $0.01 earnings per share. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. As a group, analysts forecast that Hasbro will post 3.55 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s payout ratio is -27.61%.

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.