Hasbro, Inc. (NASDAQ:HAS) Given Consensus Rating of “Moderate Buy” by Brokerages

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

Several research firms have recently weighed in on HAS. Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. DA Davidson lifted 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. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently added to or reduced their stakes in HAS. International Assets Investment Management LLC boosted its stake in Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after purchasing an additional 55,847 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Hasbro during the 3rd quarter worth $18,163,000. Charles Schwab Investment Management Inc. boosted its stake in Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares during the last quarter. American Trust acquired a new stake in Hasbro during the 3rd quarter worth $634,000. Finally, Quest Partners LLC boosted its stake in Hasbro by 972.6% during the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after purchasing an additional 26,337 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS opened at $65.99 on Friday. Hasbro has a 12-month low of $49.21 and a 12-month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $9.21 billion, a PE ratio of 24.00, a P/E/G ratio of 0.60 and a beta of 0.64. The firm has a 50 day moving average of $59.10 and a two-hundred day moving average of $64.30.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts anticipate that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.24%. Hasbro’s dividend payout ratio is currently 101.82%.

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.