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

Hasbro, Inc. (NASDAQ:HAS) has been given an average rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $109.0714.

HAS has been the subject of several analyst reports. BNP Paribas Exane dropped their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday. Bank of America lowered their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company cut their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th.

Hasbro Trading Up 0.0%

Shares of HAS stock opened at $91.51 on Friday. The stock has a market capitalization of $12.91 billion, a PE ratio of 16.46, a P/E/G ratio of 1.68 and a beta of 0.47. Hasbro has a 1-year low of $69.50 and a 1-year high of $106.98. The business has a 50-day moving average of $84.61 and a 200 day moving average of $90.71. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro will post 6.13 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.1%. Hasbro’s dividend payout ratio (DPR) is 50.36%.

Insider Transactions at Hasbro

In other news, CFO Gina M. Goetter sold 8,265 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $93.96, for a total transaction of $776,579.40. Following the transaction, the chief financial officer directly owned 79,839 shares of the company’s stock, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 42,451 shares of company stock worth $3,987,379. 0.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hasbro

Large investors have recently modified their holdings of the stock. Huntington National Bank boosted its position in Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after acquiring an additional 114 shares in the last quarter. Marathon Mission Inc. grew its holdings in shares of Hasbro by 1.4% during the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock worth $756,000 after acquiring an additional 128 shares during the period. Personal CFO Solutions LLC raised its position in shares of Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after acquiring an additional 137 shares in the last quarter. Signaturefd LLC boosted its position in shares of Hasbro by 6.4% during the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after purchasing an additional 137 shares in the last quarter. Finally, Severin Investments LLC grew its stake in Hasbro by 3.1% in the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after purchasing an additional 137 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.