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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $113.1429.

A number of research firms have recently weighed in on HAS. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley boosted their price target on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. UBS Group reaffirmed a “buy” rating and set a $110.00 price objective on shares of Hasbro in a research report on Thursday, June 18th. Finally, DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a research report on Thursday, May 21st.

Hedge Funds Weigh In On Hasbro

Several hedge funds have recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new position in Hasbro during the second quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro during the 4th quarter worth about $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro during the 2nd quarter worth about $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Hasbro during the 3rd quarter valued at about $34,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro during the 1st quarter valued at about $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $80.15 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. Hasbro has a 1 year low of $69.50 and a 1 year high of $106.98. The business has a fifty day simple moving average of $88.40 and a 200 day simple moving average of $90.45. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of -48.28, a P/E/G ratio of 1.97 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s payout ratio is presently -168.67%.

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.