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

Shares of Hasbro, Inc. (NASDAQ:HAS) 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.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $60.22 on Tuesday. Hasbro has a 52 week low of $52.95 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market cap of $8.40 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.60 and a beta of 0.51. The business’s 50 day moving average price is $60.50 and its 200 day moving average price is $63.93.

Hasbro (NASDAQ:HAS) 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.