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

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.55.

Several research firms have recently commented on HAS. Bank of America lifted their target price on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson reissued a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Morgan Stanley lifted their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their price target on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Hasbro Trading Up 0.4 %

HAS stock opened at $71.47 on Tuesday. The business has a fifty day moving average price of $65.73 and a 200 day moving average price of $60.92. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $72.26. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of -7.05, a P/E/G ratio of 0.52 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Analysts expect that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.92%. Hasbro’s dividend payout ratio is presently -27.61%.

Institutional Trading of Hasbro

A number of institutional investors have recently modified their holdings of HAS. Norges Bank bought a new stake in shares of Hasbro in the fourth quarter valued at about $70,544,000. UBS Group AG increased its position in shares of Hasbro by 43.1% in the fourth quarter. UBS Group AG now owns 329,666 shares of the company’s stock valued at $16,833,000 after acquiring an additional 99,263 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Hasbro by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 12,226 shares of the company’s stock valued at $624,000 after acquiring an additional 792 shares during the last quarter. Assetmark Inc. increased its position in shares of Hasbro by 140.6% in the fourth quarter. Assetmark Inc. now owns 2,139 shares of the company’s stock valued at $109,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Hasbro by 2.1% in the fourth quarter. Franklin Resources Inc. now owns 26,951 shares of the company’s stock valued at $1,376,000 after acquiring an additional 549 shares during the last quarter. 91.83% of the stock is currently 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.