Brokerages Set Hasbro, Inc. (NASDAQ:HAS) PT at $69.64

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $69.64.

A number of analysts have recently commented on HAS shares. Bank of America upgraded Hasbro from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $80.00 in a research report on Friday, June 14th. Monness Crespi & Hardt raised their price target on Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Roth Mkm increased their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, DA Davidson reiterated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th.

Hasbro Stock Up 0.4 %

Hasbro stock opened at $64.27 on Monday. Hasbro has a 52 week low of $42.66 and a 52 week high of $73.57. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of -6.34, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62. The business’s 50-day moving average price is $60.15 and its 200 day moving average price is $57.01. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. The business had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Hasbro will post 3.89 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.36%. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at $3,193,960.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC raised its position in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. Plato Investment Management Ltd bought a new position in shares of Hasbro during the 2nd quarter worth approximately $27,000. Parkside Financial Bank & Trust increased its stake in Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares in the last quarter. Asset Dedication LLC boosted its holdings in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Hasbro in the 4th quarter valued at $36,000. 91.83% of the stock is currently owned by institutional investors.

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.