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

Hasbro, Inc. (NASDAQ:HAS) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $113.1429.

A number of research firms recently weighed in on HAS. UBS Group increased their price objective on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. The Goldman Sachs Group increased their price objective on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Citigroup dropped their price objective on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wolfe Research increased their price objective on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Argus set a $105.00 price objective on shares of Hasbro in a report on Friday, March 13th.

Hasbro Trading Down 2.3%

Hasbro stock opened at $82.29 on Thursday. The firm’s 50-day moving average is $91.37 and its 200-day moving average is $90.23. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro has a 1 year low of $67.11 and a 1 year high of $106.98. The company has a market cap of $11.64 billion, a P/E ratio of -49.57, a PEG ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter last year, the company earned $1.04 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Hasbro will post 5.96 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is -168.67%.

Institutional Trading of Hasbro

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Hasbro by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 744,270 shares of the company’s stock valued at $56,455,000 after buying an additional 147,227 shares during the period. Dorato Capital Management acquired a new position in Hasbro during the 4th quarter valued at about $1,804,000. Crossmark Global Holdings Inc. increased its stake in Hasbro by 186.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,395 shares of the company’s stock valued at $1,775,000 after buying an additional 15,225 shares during the period. Aberdeen Group plc increased its stake in Hasbro by 187.1% during the 3rd quarter. Aberdeen Group plc now owns 23,161 shares of the company’s stock valued at $1,757,000 after buying an additional 15,095 shares during the period. Finally, Howard Capital Management Inc. acquired a new position in Hasbro during the 4th quarter valued at about $964,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.