Jefferies Group Reaffirms Hold Rating for Hasbro Inc. (HAS)
Hasbro Inc. (NASDAQ:HAS)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a $82.00 price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 7.02% from the stock’s current price.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr raised Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price target on the stock in a research report on Monday, September 12th. Barclays PLC reduced 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. 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. Finally, MKM Partners reaffirmed a “hold” rating and issued a $84.00 price target on shares of Hasbro in a research report on Tuesday, July 12th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company 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, reaching $76.62. The company had a trading volume of 1,568,500 shares. Hasbro has a 52-week low of $64.91 and a 52-week high of $88.53. The stock has a market capitalization of $9.61 billion, a PE ratio of 20.08 and a beta of 1.00. The company’s 50 day moving average price is $79.83 and its 200 day moving average price is $82.60.
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Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. Hasbro’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Equities research analysts expect that Hasbro will post $4.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a 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 made changes to their positions in the stock. Prudential Financial Inc. increased 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 valued at $11,183,000 after buying an additional 1,200 shares during the period. BlackRock Group LTD increased 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 during the period. BlackRock Institutional Trust Company N.A. increased 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 during the period. BlackRock Japan Co. Ltd increased 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 during the period. Finally, JPMorgan Chase & Co. increased 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 during the period. Institutional investors own 76.79% of the company’s stock.
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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