Hasbro’s (HAS) Hold Rating Reaffirmed at Jefferies Group
Hasbro Inc. (NASDAQ:HAS)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued to investors on Thursday. They currently have a $82.00 price objective on the stock. Jefferies Group’s price target suggests a potential upside of 7.02% from the stock’s previous close.
Several other research firms have also issued reports on HAS. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barclays PLC dropped their price target on Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Vetr raised Hasbro from a “hold” rating to a “buy” rating and set a $88.94 price target on the stock in a research report on Monday, June 27th. MKM Partners reissued a “hold” rating and set a $84.00 price target on shares of Hasbro in a research report on Tuesday, July 12th. Finally, Piper Jaffray Cos. raised Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price target on the stock in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hasbro currently has a consensus rating of “Hold” and a consensus target price of $86.90.
Shares of Hasbro (NASDAQ:HAS) traded down 1.31% during midday trading on Thursday, hitting $76.62. 1,568,500 shares of the company’s stock traded hands. Hasbro has a 52 week low of $64.91 and a 52 week high of $88.53. The company has a 50 day moving average of $79.83 and a 200 day moving average of $82.60. The stock has a market cap of $9.61 billion, a P/E ratio of 20.08 and a beta of 1.00.
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Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company earned $878.90 million during the quarter, compared to analysts’ expectations of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. On average, equities analysts forecast that Hasbro will post $4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is 53.40%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. raised its position in shares of Hasbro by 0.9% in the first quarter. Prudential Financial Inc. now owns 139,616 shares of the company’s stock worth $11,183,000 after buying an additional 1,200 shares during the period. BlackRock Group LTD boosted its position in shares of Hasbro by 4.6% in the first quarter. BlackRock Group LTD now owns 861,998 shares of the company’s stock valued at $69,046,000 after buying an additional 38,116 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Hasbro by 9.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,223,540 shares of the company’s stock valued at $258,206,000 after buying an additional 275,954 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Hasbro by 5.3% in the first quarter. BlackRock Japan Co. Ltd now owns 149,069 shares of the company’s stock valued at $11,940,000 after buying an additional 7,544 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Hasbro by 252.4% in the first quarter. JPMorgan Chase & Co. now owns 170,910 shares of the company’s stock valued at $13,689,000 after buying an additional 122,407 shares in the last quarter. 76.79% of the stock is currently owned by institutional investors.
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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