Hasbro (NASDAQ:HAS) Reaches New 52-Week Low – Should You Sell?

Hasbro, Inc. (NASDAQ:HAS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $53.81 and last traded at $54.63, with a volume of 1712919 shares changing hands. The stock had previously closed at $62.69.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HAS shares. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson boosted 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. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

The company’s 50-day moving average is $61.33 and its two-hundred day moving average is $63.24. The company has a market capitalization of $7.53 billion, a P/E ratio of 19.62, a PEG ratio of 0.60 and a beta of 0.51. 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) last issued its quarterly earnings results 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 analyst estimates of $1.02 billion. Equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is currently 101.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HAS. Vanguard Group Inc. grew its holdings in shares of Hasbro by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after purchasing an additional 404,527 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hasbro by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock valued at $188,269,000 after buying an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after buying an additional 2,427,299 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after buying an additional 701,660 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the last quarter. 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.