Hasbro, Inc. (NASDAQ:HAS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $92.25.

A number of equities research analysts have recently commented on HAS shares. Bank of America increased their price target on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Jefferies Financial Group upped their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 29th. The Goldman Sachs Group lifted their target price on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Finally, Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the transaction, the director owned 17,102 shares in the company, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Hasbro

A number of large investors have recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro during the 2nd quarter valued at $25,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the second quarter valued at $28,000. First Horizon Corp bought a new position in Hasbro in the third quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro in the third quarter worth about $34,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Hasbro during the 2nd quarter valued at about $35,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 2.7%

NASDAQ HAS opened at $86.72 on Monday. Hasbro has a 12 month low of $49.00 and a 12 month high of $89.20. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The stock’s fifty day moving average price is $81.02 and its 200-day moving average price is $78.35. The stock has a market cap of $12.17 billion, a P/E ratio of -21.63, a P/E/G ratio of 1.56 and a beta of 0.55.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $1.73 EPS. Hasbro’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a $0.70 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. Hasbro’s payout ratio is currently -69.83%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.