Hasbro (NASDAQ:HAS) Sets New 52-Week High at $73.46

Hasbro, Inc. (NASDAQ:HAS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $73.46 and last traded at $72.57, with a volume of 78674 shares traded. The stock had previously closed at $72.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley upped their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Bank of America raised their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 16th. DA Davidson restated a “neutral” rating and set a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. Finally, Stifel Nicolaus raised their price objective on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.55.

Hasbro Stock Down 0.0 %

The company has a market cap of $10.07 billion, a price-to-earnings ratio of -7.13, a PEG ratio of 0.53 and a beta of 0.61. The business has a 50-day simple moving average of $66.88 and a two-hundred day simple moving average of $61.59. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. During the same period in the previous year, the company earned $0.49 earnings per share. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, equities analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Hedge Funds Weigh In On Hasbro

Several large investors have recently bought and sold shares of HAS. Commonwealth Equity Services LLC lifted its position in shares of Hasbro by 77.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock worth $2,750,000 after acquiring an additional 21,204 shares during the period. Intech Investment Management LLC boosted its stake in Hasbro by 351.7% during the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after buying an additional 19,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hasbro by 95.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after buying an additional 19,113 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Hasbro by 7.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock worth $8,149,000 after acquiring an additional 10,961 shares during the period. Finally, Dean Capital Management acquired a new stake in shares of Hasbro during the 4th quarter valued at about $767,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.