Hasbro (NASDAQ:HAS) PT Raised to $82.00 at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its price target hoisted by Stifel Nicolaus from $78.00 to $82.00 in a research note issued to investors on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. DA Davidson reaffirmed a neutral rating and set a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the company a buy rating in a research note on Tuesday, October 1st. Morgan Stanley boosted their price target on Hasbro from $78.00 to $79.00 and gave the stock an overweight rating in a research report on Friday, July 26th. Finally, Bank of America raised their price target on Hasbro from $85.00 to $90.00 and gave the company a buy rating in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $72.73.

Hasbro Stock Performance

Hasbro stock opened at $72.13 on Tuesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.46. The company has a fifty day moving average price of $68.40 and a two-hundred day moving average price of $62.49. The company has a market cap of $10.06 billion, a PE ratio of -9.67, a P/E/G ratio of 0.54 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Research analysts expect that Hasbro will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is currently -37.53%.

Institutional Investors Weigh In On Hasbro

Institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in shares of Hasbro during the 2nd quarter valued at $27,000. Asset Dedication LLC boosted its position in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Hasbro in the fourth quarter valued at about $45,000. International Assets Investment Management LLC acquired a new position in Hasbro in the 2nd quarter worth about $46,000. Finally, Summit Securities Group LLC acquired a new position in Hasbro in the 2nd quarter worth about $47,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

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.