Jefferies Financial Group Increases Hasbro (NASDAQ:HAS) Price Target to $83.00

Hasbro (NASDAQ:HAS) had its price target raised by Jefferies Financial Group from $75.00 to $83.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Bank of America raised their target price on Hasbro from $85.00 to $90.00 and gave the stock a buy rating in a research report on Monday, September 16th. Morgan Stanley boosted their price objective on Hasbro from $78.00 to $79.00 and gave the company an overweight rating in a research note on Friday, July 26th. DA Davidson reiterated a neutral rating and set a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Finally, Stifel Nicolaus boosted their price target on shares of Hasbro from $76.00 to $78.00 and gave the company a buy rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $72.36.

Hasbro Trading Up 0.7 %

Shares of HAS stock opened at $72.31 on Tuesday. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.46. The company has a 50-day simple moving average of $67.81 and a two-hundred day simple moving average of $62.01. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of -7.13, a PEG ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. Hasbro’s revenue was down 17.7% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. Research analysts anticipate that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings in Hasbro by 27.0% in the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after buying an additional 3,273,563 shares during the period. Swedbank AB purchased a new stake in Hasbro in the first quarter worth $82,523,000. Samlyn Capital LLC boosted its holdings in Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after acquiring an additional 565,645 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Hasbro by 4,052.6% during the 1st quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after purchasing an additional 281,454 shares during the period. 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.