Hasbro (NASDAQ:HAS) Sets New 1-Year Low - What's Next?

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $50.40 and last traded at $50.71, with a volume of 3549544 shares changing hands. The stock had previously closed at $53.17.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Morgan Stanley restated an "overweight" rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $80.22.

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Hasbro Stock Up 1.4 %

The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm's fifty day moving average price is $60.56 and its two-hundred day moving average price is $62.27. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Monday, March 3rd. Hasbro's payout ratio is 101.82%.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parvin Asset Management LLC acquired a new stake in shares of Hasbro in the 4th quarter worth about $25,000. Allworth Financial LP raised its stake in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after purchasing an additional 263 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Hasbro in the first quarter worth approximately $28,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $43,000. 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.