Hasbro, Inc. (NASDAQ:HAS) Receives $80.22 Consensus Target Price from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $80.22.

Several brokerages have commented on HAS. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley reissued an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson boosted their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd.

Institutional Investors Weigh In On Hasbro

A number of hedge funds have recently added to or reduced their stakes in the business. Parvin Asset Management LLC acquired a new position in shares of Hasbro during the 4th quarter valued at $25,000. Allworth Financial LP raised its holdings in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after purchasing an additional 263 shares during the period. True Wealth Design LLC bought a new position in shares of Hasbro during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $40,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Hasbro in the 4th quarter valued at about $43,000. 91.83% of the stock is currently owned by institutional investors.

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Hasbro Price Performance

Shares of NASDAQ:HAS traded up $0.16 during midday trading on Tuesday, hitting $60.54. The stock had a trading volume of 800,086 shares, compared to its average volume of 1,555,493. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $8.45 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company's 50-day moving average price is $60.69 and its 200-day moving average price is $63.83. Hasbro has a fifty-two week low of $54.05 and a fifty-two 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 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.02 billion. As a group, equities research analysts predict that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.63%. Hasbro's dividend payout ratio (DPR) is currently 101.82%.

Hasbro Company Profile

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.