Hasbro, Inc. (NASDAQ:HAS) – Analysts at SunTrust Banks dropped their Q2 2018 earnings per share (EPS) estimates for shares of Hasbro in a research note issued to investors on Thursday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.59. SunTrust Banks has a “Hold” rating and a $102.00 price target on the stock. SunTrust Banks also issued estimates for Hasbro’s Q3 2018 earnings at $2.30 EPS, Q4 2018 earnings at $1.96 EPS, FY2018 earnings at $5.30 EPS and FY2019 earnings at $5.60 EPS.
A number of other brokerages have also issued reports on HAS. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. BidaskClub lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. B. Riley started coverage on Hasbro in a research report on Thursday, December 21st. They set a “buy” rating and a $108.00 price target for the company. BMO Capital Markets reiterated a “hold” rating and set a $83.00 price target on shares of Hasbro in a research report on Monday, November 27th. Finally, UBS Group set a $104.00 price target on Hasbro and gave the stock a “hold” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.57 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.44%. Hasbro’s dividend payout ratio (DPR) is 48.61%.
Institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Hasbro by 7,100.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after buying an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Hasbro by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after buying an additional 32 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Hasbro in the second quarter valued at $155,000. Highstreet Asset Management Inc. lifted its holdings in shares of Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after buying an additional 812 shares during the period. Finally, Moors & Cabot Inc. acquired a new stake in shares of Hasbro in the second quarter valued at $229,000. Institutional investors and hedge funds own 79.44% of the company’s stock.
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Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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