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

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

Several equities research analysts have commented on HAS shares. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson raised shares of Hasbro to a “hold” rating in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday.

Hasbro Price Performance

HAS stock opened at $51.88 on Friday. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock’s fifty day simple moving average is $60.16 and its 200-day simple moving average is $62.00. Hasbro has a 52-week low of $49.00 and a 52-week high of $73.46. 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating 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 the consensus estimate of $1.02 billion. Equities research analysts expect that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.40%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

Institutional Trading of Hasbro

Several institutional investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC acquired a new position in Hasbro during the 4th quarter worth $25,000. Allworth Financial LP grew its stake in Hasbro by 120.1% in 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. Sentry Investment Management LLC bought a new stake in Hasbro in the first quarter valued at about $28,000. Itau Unibanco Holding S.A. raised its stake in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after buying an additional 178 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Hasbro during the 4th quarter worth approximately $43,000. 91.83% of the stock is owned by institutional investors and hedge funds.

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.