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

Hasbro, Inc. (NASDAQ:HAS) has received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $80.67.

A number of research firms have issued reports on HAS. Bank of America upped their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley raised their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson lifted their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank boosted its holdings in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares during the period. Axiom Advisory LLC lifted its stake in Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after buying an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $62.21 on Wednesday. The stock has a market cap of $8.68 billion, a P/E ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. The stock has a 50 day moving average of $69.01 and a two-hundred day moving average of $64.29. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro has a twelve month low of $43.74 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, research analysts forecast that Hasbro will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is -60.34%.

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.