Hasbro Inc. (HAS) Stock Rating Reaffirmed by MKM Partners
Hasbro Inc. (NASDAQ:HAS)‘s stock had its “neutral” rating reiterated by research analysts at MKM Partners in a note issued to investors on Friday. They currently have a $84.00 price objective on the stock. MKM Partners’ price objective indicates a potential upside of 10.29% from the stock’s previous close.
Several other analysts also recently weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $82.00 price target on shares of Hasbro in a research note on Thursday. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr upgraded Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price target on the stock in a research note on Monday, September 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 note on Tuesday, July 19th. Finally, Piper Jaffray Cos. upgraded Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 target price on the stock in a research note on Tuesday, July 19th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Hasbro has a consensus rating of “Hold” and an average target price of $86.90.
Shares of Hasbro (NASDAQ:HAS) opened at 76.16 on Friday. The company has a market cap of $9.55 billion, a P/E ratio of 19.96 and a beta of 1.00. The company’s 50-day moving average price is $79.70 and its 200 day moving average price is $82.58. Hasbro has a 52 week low of $64.91 and a 52 week high of $88.53.
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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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $878.90 million for the quarter, compared to the consensus estimate of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. Equities research analysts anticipate that Hasbro will post $4.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.68%. Hasbro’s payout ratio is currently 53.40%.
Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new position in shares of Hasbro during the second quarter worth approximately $115,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock worth $124,000 after buying an additional 645 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock worth $131,000 after buying an additional 1,235 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock worth $173,000 after buying an additional 366 shares during the last quarter. Finally, National Asset Management Inc. purchased a new position in shares of Hasbro during the second quarter worth approximately $203,000. 76.79% of the stock is owned by institutional investors and hedge funds.
Hasbro Company Profile
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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