Hasbro, Inc. (NASDAQ:HAS) – DA Davidson reduced their Q2 2019 earnings estimates for shares of Hasbro in a note issued to investors on Monday, February 11th. DA Davidson analyst L. Weiser now forecasts that the company will earn $0.57 per share for the quarter, down from their prior forecast of $0.62. DA Davidson currently has a “Buy” rating and a $4.20 target price on the stock. DA Davidson also issued estimates for Hasbro’s Q3 2019 earnings at $2.29 EPS and FY2020 earnings at $4.80 EPS.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business earned $2.30 EPS. The company’s quarterly revenue was down 13.0% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Argus dropped their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Citigroup dropped their price target on Hasbro from $116.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. MKM Partners dropped their price objective on Hasbro to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Finally, Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Hasbro has a consensus rating of “Hold” and a consensus price target of $96.75.
Shares of HAS stock opened at $88.88 on Tuesday. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The firm has a market capitalization of $11.31 billion, a PE ratio of 23.09, a PEG ratio of 1.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.42 and a quick ratio of 2.07.
Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Shields Capital Management LLC acquired a new position in shares of Hasbro in the 4th quarter valued at about $268,000. Rafferty Asset Management LLC lifted its stake in shares of Hasbro by 4.3% in the 4th quarter. Rafferty Asset Management LLC now owns 19,294 shares of the company’s stock valued at $1,568,000 after purchasing an additional 794 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Hasbro by 14.2% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 45,490 shares of the company’s stock valued at $3,696,000 after purchasing an additional 5,666 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in shares of Hasbro in the 4th quarter valued at about $312,000. Finally, Raymond James & Associates lifted its stake in shares of Hasbro by 15.2% in the 4th quarter. Raymond James & Associates now owns 119,073 shares of the company’s stock valued at $9,675,000 after purchasing an additional 15,715 shares in the last quarter. Institutional investors own 88.09% of the company’s stock.
In other Hasbro news, Director Alan G. Hassenfeld sold 302,220 shares of Hasbro stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total value of $29,478,538.80. Following the completion of the sale, the director now owns 30,945 shares in the company, valued at approximately $3,018,375.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 400,000 shares of Hasbro stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $97.41, for a total value of $38,964,000.00. Following the completion of the sale, the director now owns 30,945 shares of the company’s stock, valued at approximately $3,014,352.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 707,570 shares of company stock valued at $68,963,682. 9.90% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Tuesday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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