Hasbro, Inc. (NASDAQ:HAS) – Research analysts at DA Davidson dropped their Q2 2019 earnings per share estimates for shares of Hasbro in a research note issued on Monday, February 11th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings of $0.57 per share for the quarter, down from their previous estimate of $0.62. DA Davidson has a “Buy” rating and a $4.20 price target on the stock. DA Davidson also issued estimates for Hasbro’s Q3 2019 earnings at $2.29 EPS and FY2020 earnings at $4.80 EPS.
Hasbro (NASDAQ:HAS) last released its earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted $2.30 EPS. Hasbro’s revenue was down 13.0% compared to the same quarter last year.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Argus dropped their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Citigroup dropped their price target on Hasbro from $116.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. MKM Partners dropped their price target on Hasbro to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Finally, Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $96.75.
Hasbro stock opened at $88.88 on Tuesday. Hasbro has a one year low of $76.84 and a one year high of $109.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.42 and a quick ratio of 2.07. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.
Institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors grew its holdings in Hasbro by 31.6% in the 3rd quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock valued at $1,468,109,000 after buying an additional 3,356,518 shares during the period. Vanguard Group Inc grew its holdings in Hasbro by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after buying an additional 368,897 shares during the period. BlackRock Inc. grew its holdings in Hasbro by 4.5% in the 4th quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after buying an additional 356,569 shares during the period. Jackson Square Partners LLC grew its holdings in Hasbro by 203.6% in the 3rd quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock valued at $423,659,000 after buying an additional 2,702,931 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Hasbro by 21.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock valued at $277,331,000 after buying an additional 597,909 shares during the period. Hedge funds and other institutional investors own 88.09% of the company’s stock.
In related news, Director Alan G. Hassenfeld sold 400,000 shares of Hasbro stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $97.41, for a total transaction of $38,964,000.00. Following the completion of the sale, the director now owns 30,945 shares in the company, valued at approximately $3,014,352.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan G. Hassenfeld sold 302,220 shares of Hasbro stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total value of $29,478,538.80. Following the sale, the director now owns 30,945 shares of the company’s stock, valued at approximately $3,018,375.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 707,570 shares of company stock valued at $68,963,682. 9.90% of the stock is currently owned by company insiders.
The company 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 $0.68 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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