Hasbro, Inc. (NASDAQ:HAS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $80.22.

HAS has been the subject of several research analyst reports. DA Davidson raised their price target 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. Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Roth Mkm boosted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in Hasbro during the fourth quarter valued at $25,000. Allworth Financial LP grew 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 worth $28,000 after purchasing an additional 263 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Hasbro in the third quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in Hasbro during the third quarter valued at approximately $40,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro during the 4th quarter worth $43,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

Shares of Hasbro stock opened at $61.60 on Tuesday. The business’s fifty day simple moving average is $60.84 and its 200 day simple moving average is $63.68. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a 12 month low of $54.05 and a 12 month high of $73.46. The firm has a market capitalization of $8.60 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, analysts anticipate that Hasbro will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.55%. Hasbro’s dividend payout ratio is currently 101.82%.

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.