Hasbro, Inc. (NASDAQ:HAS) – Analysts at Jefferies Financial Group lowered their Q1 2019 EPS estimates for shares of Hasbro in a research report issued to clients and investors on Sunday, February 10th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.44. Jefferies Financial Group also issued estimates for Hasbro’s Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $2.32 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.61 EPS, Q3 2020 earnings at $2.53 EPS, Q4 2020 earnings at $2.03 EPS and FY2020 earnings at $5.59 EPS.
Several other equities analysts also recently issued reports on the company. DA Davidson cut their price objective on Hasbro from $103.00 to $4.20 and set a “buy” rating for the company in a research report on Monday. 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. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Finally, MKM Partners dropped their target price on Hasbro to $102.00 and set a “buy” rating for the company in a research report on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $96.75.
Shares of HAS opened at $88.88 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.42 and a debt-to-equity ratio of 0.97. Hasbro has a 52-week low of $76.84 and a 52-week high of $109.60. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.
Hasbro (NASDAQ:HAS) last posted its earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business earned $2.30 EPS. Hasbro’s quarterly revenue was down 13.0% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after buying an additional 123 shares during the period. Signet Investment Advisory Group Inc. bought a new stake in Hasbro in the fourth quarter valued at approximately $43,000. Ledyard National Bank raised its stake in Hasbro by 1,455.6% in the fourth quarter. Ledyard National Bank now owns 700 shares of the company’s stock valued at $57,000 after buying an additional 655 shares during the period. CWM LLC raised its stake in Hasbro by 20.3% in the fourth quarter. CWM LLC now owns 884 shares of the company’s stock valued at $72,000 after buying an additional 149 shares during the period. Finally, Synovus Financial Corp raised its stake in Hasbro by 17.7% in the fourth quarter. Synovus Financial Corp now owns 1,064 shares of the company’s stock valued at $86,000 after buying an additional 160 shares during the period. Institutional investors own 88.09% of the company’s stock.
In other Hasbro news, Director Alan G. Hassenfeld sold 302,220 shares of the business’s 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 transaction, the director now directly owns 30,945 shares of the company’s stock, valued at $3,018,375.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 400,000 shares of the business’s 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 transaction, the director now directly owns 30,945 shares of the company’s stock, valued at $3,014,352.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 707,570 shares of company stock valued at $68,963,682. 9.90% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s payout ratio is presently 65.45%.
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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