Hasbro (NASDAQ:HAS) Reaches New 52-Week Low - What's Next?

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $53.81 and last traded at $54.63, with a volume of 1712919 shares trading hands. The stock had previously closed at $62.69.

Analyst Upgrades and Downgrades

HAS has been the topic of several research reports. StockNews.com raised Hasbro from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Morgan Stanley reissued an "overweight" rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson lifted their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Stifel Nicolaus lowered their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.22.

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Hasbro Trading Down 4.6 %

The company has a market cap of $7.08 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 0.60 and a beta of 0.51. The business has a fifty day simple moving average of $60.91 and a 200 day simple moving average of $62.78. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, equities analysts anticipate that Hasbro, Inc. 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. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's dividend payout ratio is currently 101.82%.

Institutional Trading of Hasbro

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in Hasbro by 13.5% in the 1st quarter. Rhumbline Advisers now owns 291,394 shares of the company's stock valued at $17,918,000 after acquiring an additional 34,695 shares during the last quarter. New Hampshire Trust increased its stake in Hasbro by 19.2% in the first quarter. New Hampshire Trust now owns 4,907 shares of the company's stock valued at $302,000 after purchasing an additional 790 shares during the last quarter. GAMMA Investing LLC increased its stake in Hasbro by 6,871.6% in the first quarter. GAMMA Investing LLC now owns 217,306 shares of the company's stock valued at $133,620,000 after purchasing an additional 214,189 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Hasbro by 2.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 31,043 shares of the company's stock valued at $1,909,000 after buying an additional 793 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Hasbro by 27.7% in the fourth quarter. Wellington Management Group LLP now owns 54,403 shares of the company's stock worth $3,042,000 after acquiring an additional 11,811 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

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.