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

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $80.11.

Several research analysts have weighed in on HAS shares. Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley boosted their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd acquired a new stake in Hasbro in the second quarter worth about $27,000. Asset Dedication LLC lifted its stake in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the period. True Wealth Design LLC bought a new position in shares of Hasbro in the third quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro during the third quarter valued at approximately $40,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $57.11 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro has a 1 year low of $46.09 and a 1 year high of $73.46. The stock’s 50-day simple moving average is $61.68 and its 200-day simple moving average is $64.43. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -12.31, a PEG ratio of 0.57 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, equities analysts anticipate that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is -60.34%.

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.