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

Hasbro, Inc. (NASDAQ:HAS) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $80.67.

Several analysts recently commented on HAS shares. Morgan Stanley raised their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus raised their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, DA Davidson upped their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

Hasbro Stock Down 1.1 %

Shares of HAS stock opened at $63.42 on Wednesday. The stock’s fifty day moving average price is $69.37 and its 200 day moving average price is $64.31. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro has a 1-year low of $42.69 and a 1-year high of $73.46. The company has a market cap of $8.85 billion, a price-to-earnings ratio of -13.67, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the company posted $1.64 earnings per share. The business’s quarterly revenue was down 14.8% on a year-over-year basis. On average, research analysts expect that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.42%. Hasbro’s payout ratio is -60.34%.

Institutional Trading of Hasbro

Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its stake in Hasbro by 266.1% during the third quarter. Daiwa Securities Group Inc. now owns 19,264 shares of the company’s stock worth $1,393,000 after purchasing an additional 14,002 shares during the period. Larson Financial Group LLC increased its holdings in shares of Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after buying an additional 799 shares during the last quarter. Cerity Partners LLC raised its position in shares of Hasbro by 15.5% during the 3rd quarter. Cerity Partners LLC now owns 185,489 shares of the company’s stock valued at $13,415,000 after buying an additional 24,888 shares during the period. Citigroup Inc. lifted its holdings in Hasbro by 18.3% in the third quarter. Citigroup Inc. now owns 144,443 shares of the company’s stock valued at $10,446,000 after acquiring an additional 22,354 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in Hasbro by 7.4% in the third quarter. Raymond James Trust N.A. now owns 15,373 shares of the company’s stock worth $1,112,000 after acquiring an additional 1,053 shares during the period. 91.83% of the stock is currently 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.