Hasbro, Inc. (NASDAQ:HAS) – SunTrust Banks boosted their Q2 2018 earnings per share (EPS) estimates for Hasbro in a research note issued on Wednesday. SunTrust Banks analyst M. Swartz now anticipates that the company will earn $0.62 per share for the quarter, up from their prior forecast of $0.58. SunTrust Banks also issued estimates for Hasbro’s Q4 2018 earnings at $1.95 EPS.
A number of other analysts have also recently issued reports on the stock. Wells Fargo & Co reiterated a “market perform” rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a research note on Thursday. BidaskClub cut shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. DA Davidson set a $124.00 target price on shares of Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Stifel Nicolaus reduced their target price on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $109.87.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share.
Several institutional investors have recently modified their holdings of HAS. Victory Capital Management Inc. lifted its stake in shares of Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after buying an additional 1,145,999 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Hasbro by 1,065.5% in the fourth quarter. Schroder Investment Management Group now owns 1,060,823 shares of the company’s stock worth $96,418,000 after buying an additional 969,806 shares during the last quarter. Boston Partners lifted its stake in shares of Hasbro by 111.8% in the third quarter. Boston Partners now owns 1,259,062 shares of the company’s stock worth $122,973,000 after buying an additional 664,474 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Hasbro by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after buying an additional 426,136 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Hasbro by 38.9% in the third quarter. Ameriprise Financial Inc. now owns 1,440,532 shares of the company’s stock worth $140,539,000 after buying an additional 403,580 shares during the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis 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 payout ratio is presently 73.08%.
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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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