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

Hasbro, Inc. (NASDAQ:HAS) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $65.73.

Several analysts recently commented on HAS shares. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson restated a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Jefferies Financial Group lifted their price target on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Roth Mkm lifted their price target on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday.

Hasbro Stock Down 0.8 %

Shares of Hasbro stock opened at $64.47 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88. The business’s 50 day simple moving average is $54.43 and its 200-day simple moving average is $51.18. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of -6.36, a PEG ratio of 1.13 and a beta of 0.74. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same period last year, the firm earned $0.01 EPS. The firm’s revenue was down 24.3% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post 3.26 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -27.61%.

Institutional Investors Weigh In On Hasbro

Large investors have recently modified their holdings of the stock. Studio Investment Management LLC bought a new stake in shares of Hasbro during the 3rd quarter worth $26,000. ING Groep NV acquired a new stake in shares of Hasbro in the third quarter worth $29,000. Lindbrook Capital LLC boosted its position in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of Hasbro in the third quarter worth $37,000. 91.83% of the stock is owned by institutional investors.

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.