Shares of Hasbro, Inc. (NASDAQ:HAS – Get Free Report) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $80.22.
Several research analysts recently weighed in on the company. DA Davidson lifted their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st.
Check Out Our Latest Analysis on Hasbro
Hasbro Price Performance
Hasbro (NASDAQ:HAS – Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, sell-side analysts expect that Hasbro will post 4.33 earnings per share for the current year.
Hasbro Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.65%. Hasbro’s dividend payout ratio (DPR) is 101.82%.
Institutional Investors Weigh In On Hasbro
Several large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Hasbro in the fourth quarter worth approximately $7,926,000. Jefferies Financial Group Inc. lifted its holdings in Hasbro by 11.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 11,943 shares of the company’s stock valued at $668,000 after purchasing an additional 1,243 shares in the last quarter. ABLE Financial Group LLC boosted its stake in Hasbro by 5.1% during the 4th quarter. ABLE Financial Group LLC now owns 6,889 shares of the company’s stock worth $385,000 after purchasing an additional 336 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Hasbro by 164.6% during the 4th quarter. Mackenzie Financial Corp now owns 11,696 shares of the company’s stock worth $654,000 after purchasing an additional 7,276 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Hasbro during the fourth quarter worth $741,000. 91.83% of the stock is currently owned by hedge funds and other 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.
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