Hasbro, Inc. (NASDAQ:HAS) – Analysts at DA Davidson increased their Q3 2018 earnings estimates for Hasbro in a research note issued on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $2.61 for the quarter, up from their prior forecast of $2.29. DA Davidson has a “Buy” rating and a $124.00 price objective on the stock.
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets upped their price target on Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a research report on Thursday. Wells Fargo & Co reiterated a “market perform” rating and set a $100.00 price target (up from $95.00) on shares of Hasbro in a research report on Thursday. KeyCorp set a $110.00 price target on Hasbro and gave the company an “overweight” rating in a research report on Thursday. B. Riley upped their price target on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hasbro has an average rating of “Hold” and a consensus price target of $109.87.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business posted $1.64 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.58%. This is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio is 73.08%.
Hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its position 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 worth $105,000 after purchasing an additional 1,065 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Hasbro during the fourth quarter valued at approximately $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hasbro during the fourth quarter valued at approximately $136,000. Highstreet Asset Management Inc. grew its position in Hasbro by 105.2% during the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new position in Hasbro during the fourth quarter valued at approximately $243,000. Institutional investors own 79.32% of the company’s stock.
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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