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

Hasbro, Inc. (NASDAQ:HAS) has received an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $79.89.

HAS has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Citigroup upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Friday, April 25th. Roth Mkm raised their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. StockNews.com downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd.

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Hasbro by 0.6% in the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock valued at $1,012,374,000 after buying an additional 105,624 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock valued at $188,269,000 after acquiring an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after acquiring an additional 2,427,299 shares during the period. Invesco Ltd. lifted its position in Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock valued at $176,649,000 after purchasing an additional 701,660 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Trading Up 0.4%

NASDAQ HAS opened at $65.83 on Wednesday. Hasbro has a one year low of $49.00 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The company’s 50-day simple moving average is $58.59 and its two-hundred day simple moving average is $60.34.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.37. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Hasbro’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.25%. Hasbro’s payout ratio is 92.41%.

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.