Hasbro (NASDAQ:HAS) Shares Gap Up – Should You Buy?

Hasbro, Inc. (NASDAQ:HAS)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $63.89, but opened at $66.00. Hasbro shares last traded at $65.65, with a volume of 234,684 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Bank of America increased 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. Finally, Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Up 1.5 %

The stock has a fifty day moving average price of $67.89 and a 200-day moving average price of $64.39. The firm has a market cap of $9.05 billion, a PE ratio of -14.15, a PEG ratio of 0.59 and a beta of 0.63. 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 (NASDAQ:HAS) last released 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 negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. Hasbro’s revenue for the quarter was down 14.8% on a year-over-year basis. Research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently modified their holdings of the stock. Optimist Retirement Group LLC purchased a new stake in shares of Hasbro during the 3rd quarter valued at about $280,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Hasbro in the third quarter valued at $45,000. Sanctuary Advisors LLC lifted its holdings in Hasbro by 17.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,041 shares of the company’s stock worth $798,000 after buying an additional 1,674 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Hasbro during the third quarter valued at about $501,000. Finally, TD Private Client Wealth LLC increased its position in shares of Hasbro by 4.0% during the third quarter. TD Private Client Wealth LLC now owns 52,931 shares of the company’s stock worth $3,828,000 after acquiring an additional 2,023 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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.