Hasbro, Inc. (NASDAQ:HAS) Receives $89.92 Average Target Price from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $89.9167.

HAS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hasbro in a research report on Wednesday, October 8th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research downgraded Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Seaport Res Ptn upgraded shares of Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $94.00 price target on shares of Hasbro in a report on Sunday, December 14th.

Hasbro Stock Performance

Shares of HAS opened at $81.98 on Thursday. Hasbro has a 1 year low of $49.00 and a 1 year high of $85.14. The stock has a market capitalization of $11.51 billion, a P/E ratio of -20.44, a P/E/G ratio of 1.60 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The company’s fifty day moving average is $78.58 and its two-hundred day moving average is $76.68.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. On average, sell-side analysts predict that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. Hasbro’s dividend payout ratio (DPR) is -69.83%.

Insider Activity

In other news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the sale, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Trading of Hasbro

A number of institutional investors have recently bought and sold shares of the company. SteelPeak Wealth LLC purchased a new position in Hasbro during the second quarter worth $2,822,000. Jump Financial LLC boosted its stake in shares of Hasbro by 129.5% during the first quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock valued at $678,000 after acquiring an additional 6,219 shares during the last quarter. Prudential Financial Inc. increased its position in Hasbro by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock worth $11,759,000 after purchasing an additional 19,752 shares in the last quarter. PARK CIRCLE Co acquired a new position in Hasbro in the 2nd quarter valued at about $738,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Hasbro by 14.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,342 shares of the company’s stock valued at $451,000 after purchasing an additional 930 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.