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 nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $80.11.

HAS has been the subject of a number of analyst reports. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America increased their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday.

Insider Activity at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

Several institutional investors have recently added to or reduced their stakes in HAS. Plato Investment Management Ltd bought a new position in Hasbro during the 2nd quarter worth approximately $27,000. Asset Dedication LLC lifted its stake in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Blue Trust Inc. boosted its holdings in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. True Wealth Design LLC bought a new stake in Hasbro during the third quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro during the third quarter worth $40,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

NASDAQ HAS opened at $56.89 on Thursday. The firm has a market cap of $7.94 billion, a P/E ratio of -12.26, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The business’s 50-day moving average price is $62.22 and its 200 day moving average price is $64.54. Hasbro has a 52-week low of $46.09 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $1.64 EPS. The business’s revenue was down 14.8% on a year-over-year basis. On average, equities research analysts expect that Hasbro will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.92%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

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.