Hasbro, Inc. (NASDAQ:HAS – Get Free Report) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $109.4286.
Several research firms have recently issued reports on HAS. Citigroup reissued a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Jefferies Financial Group decreased their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Argus increased their price target on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Bank of America reduced their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th.
View Our Latest Analysis on HAS
Insider Buying and Selling
Hedge Funds Weigh In On Hasbro
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Hasbro in the fourth quarter worth about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares during the last quarter. Woodline Partners LP raised its holdings in Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in Hasbro during the 1st quarter worth $292,000. 91.83% of the stock is owned by hedge funds and other institutional investors.
Hasbro Stock Performance
NASDAQ HAS opened at $94.10 on Tuesday. The firm has a market capitalization of $13.27 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.72 and a beta of 0.47. Hasbro has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The business’s 50-day simple moving average is $88.40 and its 200-day simple moving average is $91.15.
Hasbro (NASDAQ:HAS – Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The company’s revenue was up 16.2% on a year-over-year basis. Equities analysts predict that Hasbro will post 6.18 EPS for the current year.
Hasbro Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s payout ratio is 50.36%.
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.
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