Hasbro, Inc. (NASDAQ:HAS) Announces $0.70 Quarterly Dividend

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be given a dividend of 0.70 per share on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st.

Hasbro has increased its dividend by an average of 0.0%per year over the last three years. Hasbro has a payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hasbro to earn $6.30 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 44.4%.

Hasbro Price Performance

Shares of NASDAQ HAS traded down $8.58 during mid-day trading on Wednesday, hitting $88.60. 5,637,269 shares of the stock were exchanged, compared to its average volume of 1,914,662. The company has a market cap of $12.54 billion, a P/E ratio of -37.70, a PEG ratio of 2.74 and a beta of 0.52. The stock’s fifty day simple moving average is $93.48 and its two-hundred day simple moving average is $89.23. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro has a twelve month low of $64.74 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 172.27%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. As a group, analysts forecast that Hasbro will post 5.8 EPS for the current fiscal year.

Analyst Ratings Changes

HAS has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 14th. Roth Mkm set a $120.00 price target on shares of Hasbro in a report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, BNP Paribas Exane lowered their price target on shares of Hasbro from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.14.

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.