Hasbro (NASDAQ:HAS) Upgraded at StockNews.com

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a hold rating to a buy rating in a report released on Tuesday morning.

A number of other brokerages have also recently issued reports on HAS. Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm raised their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, DA Davidson lifted their target price on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Stock Performance

HAS stock opened at $61.38 on Tuesday. Hasbro has a twelve month low of $54.26 and a twelve month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market cap of $8.56 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The business’s fifty day moving average is $61.11 and its 200-day moving average is $63.61.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Equities research analysts forecast that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.56%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

Hedge Funds Weigh In On Hasbro

Hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of Hasbro by 27.7% during the 4th quarter. Wellington Management Group LLP now owns 54,403 shares of the company’s stock worth $3,042,000 after buying an additional 11,811 shares during the last quarter. 111 Capital bought a new stake in Hasbro during the fourth quarter worth about $281,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hasbro during the fourth quarter valued at approximately $7,926,000. Jefferies Financial Group Inc. increased its position in shares of Hasbro by 11.6% during the 4th quarter. Jefferies Financial Group Inc. now owns 11,943 shares of the company’s stock worth $668,000 after purchasing an additional 1,243 shares during the last quarter. Finally, ABLE Financial Group LLC raised its stake in shares of Hasbro by 5.1% during the 4th quarter. ABLE Financial Group LLC now owns 6,889 shares of the company’s stock worth $385,000 after purchasing an additional 336 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

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.