Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $80.22.
HAS has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. StockNews.com cut Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday. Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, DA Davidson upgraded shares of Hasbro to a "hold" rating in a report on Monday.
Check Out Our Latest Research Report on Hasbro
Institutional Trading of Hasbro
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in shares of Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after purchasing an additional 2,427,299 shares during the period. Norges Bank bought a new stake in Hasbro in the 4th quarter valued at $96,359,000. Invesco Ltd. grew its holdings in Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after buying an additional 701,660 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Hasbro by 23.7% during the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after buying an additional 507,054 shares during the period. Institutional investors own 91.83% of the company's stock.
Hasbro Stock Down 1.6 %
Shares of Hasbro stock traded down $0.84 during trading on Friday, reaching $51.65. The stock had a trading volume of 534,129 shares, compared to its average volume of 1,649,500. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.60 and a beta of 0.51. The stock has a fifty day moving average price of $60.30 and a two-hundred day moving average price of $62.07. Hasbro has a 52 week low of $49.00 and a 52 week high of $73.46.
Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Sell-side analysts predict that Hasbro will post 4.33 EPS for the current fiscal year.
Hasbro Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Monday, March 3rd. Hasbro's payout ratio is presently 101.82%.
About Hasbro
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Get Free ReportHasbro, 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.
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