Hasbro, Inc. (NASDAQ:HAS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Hasbro, Inc. (NASDAQ:HAS) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $113.0714.

A number of research analysts recently weighed in on HAS shares. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. UBS Group increased their price objective on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Monness Crespi & Hardt boosted their target price on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Citigroup increased their price target on Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th.

Insider Activity at Hasbro

In related news, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the transaction, the insider owned 36,528 shares in the company, valued at approximately $3,762,384. This represents a 17.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the sale, the chief financial officer directly owned 68,221 shares in the company, valued at approximately $7,058,144.66. This represents a 15.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 413,342 shares of company stock valued at $42,241,679 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of HAS. Huntington National Bank raised its stake in shares of Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after buying an additional 114 shares during the period. Personal CFO Solutions LLC lifted its position in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after buying an additional 137 shares during the last quarter. Signaturefd LLC grew its stake in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after acquiring an additional 137 shares during the period. United Capital Financial Advisors LLC grew its stake in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the period. Finally, Clarius Group LLC increased its holdings in Hasbro by 0.6% in the 3rd quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock worth $1,766,000 after acquiring an additional 146 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Down 2.8%

HAS stock opened at $88.59 on Friday. The firm has a market capitalization of $12.46 billion, a PE ratio of -37.70 and a beta of 0.54. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. Hasbro has a twelve month low of $49.00 and a twelve month high of $106.98. The stock’s 50 day moving average is $95.03 and its 200-day moving average is $84.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. Hasbro’s revenue was up 31.3% compared to the same quarter last year. Sell-side analysts expect that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, February 18th. Hasbro’s payout ratio is presently -119.15%.

Hasbro Company Profile

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.