FY2024 EPS Estimates for Hasbro, Inc. Lifted by DA Davidson (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) – Equities researchers at DA Davidson increased their FY2024 earnings per share estimates for shares of Hasbro in a note issued to investors on Monday, April 29th. DA Davidson analyst L. Weiser now expects that the company will post earnings of $3.79 per share for the year, up from their previous forecast of $3.30. DA Davidson has a “Neutral” rating and a $59.00 price target on the stock. The consensus estimate for Hasbro’s current full-year earnings is $3.55 per share. DA Davidson also issued estimates for Hasbro’s FY2025 earnings at $4.20 EPS.

Several other analysts have also recently issued reports on HAS. JPMorgan Chase & Co. upped their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus upped their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Monness Crespi & Hardt increased their price target on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Roth Mkm lifted their price objective on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $66.36.

Hasbro Stock Down 1.6 %

Hasbro stock opened at $60.34 on Wednesday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57. The stock has a market capitalization of $8.37 billion, a PE ratio of -5.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74. The business has a 50 day simple moving average of $55.13 and a 200-day simple moving average of $51.24.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The business’s quarterly revenue was down 24.3% compared to the same quarter last year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.64%. Hasbro’s dividend payout ratio is currently -27.61%.

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC acquired a new position in Hasbro during the 3rd quarter worth approximately $26,000. Lindbrook Capital LLC lifted its position in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares during the last quarter. ING Groep NV bought a new position in Hasbro in the third quarter valued at about $29,000. Finally, Optiver Holding B.V. bought a new position in shares of Hasbro during the fourth quarter valued at $36,000. 91.83% of the stock is owned by institutional investors.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.