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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $80.22.

HAS has been the subject of a number of research analyst reports. DA Davidson boosted their price target on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st.

Hasbro Stock Up 0.3 %

Shares of HAS opened at $60.57 on Tuesday. The firm’s 50-day simple moving average is $60.76 and its 200 day simple moving average is $63.75. Hasbro has a 52 week low of $54.05 and a 52 week high of $73.46. The firm has a market cap of $8.45 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS) last announced its 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. On average, analysts forecast that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 111 Capital purchased a new position in shares of Hasbro in the 4th quarter worth about $281,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Hasbro in the 4th quarter worth about $7,926,000. Jefferies Financial Group Inc. boosted its holdings in shares of Hasbro by 11.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 11,943 shares of the company’s stock worth $668,000 after buying an additional 1,243 shares during the last quarter. ABLE Financial Group LLC boosted its holdings in shares of Hasbro by 5.1% in the 4th quarter. ABLE Financial Group LLC now owns 6,889 shares of the company’s stock worth $385,000 after buying an additional 336 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Hasbro by 164.6% in the 4th quarter. Mackenzie Financial Corp now owns 11,696 shares of the company’s stock worth $654,000 after buying an additional 7,276 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

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.