Shares of Hasbro, Inc. (NASDAQ:HAS) have been given a consensus rating of “Buy” by the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $107.47.
A number of equities research analysts have recently commented on HAS shares. SunTrust Banks upped their price objective on shares of Hasbro to $108.00 and gave the company a “hold” rating in a research note on Tuesday, July 24th. Stifel Nicolaus upped their price objective on shares of Hasbro from $93.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 4th. B. Riley upped their price objective on shares of Hasbro from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Jefferies Financial Group set a $120.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research note on Tuesday, July 24th.
In related news, SVP Tarrant L. Sibley sold 1,525 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total transaction of $152,500.00. Following the transaction, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at $2,126,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Deborah Thomas sold 10,000 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $100.63, for a total transaction of $1,006,300.00. Following the transaction, the chief financial officer now directly owns 84,568 shares in the company, valued at $8,510,077.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,645 shares of company stock worth $10,796,944. 9.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optimum Investment Advisors acquired a new position in Hasbro during the first quarter worth $117,000. McKinley Carter Wealth Services Inc. acquired a new position in Hasbro during the first quarter worth $136,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Hasbro during the second quarter worth $136,000. Cerebellum GP LLC acquired a new position in Hasbro during the second quarter worth $165,000. Finally, CenterStar Asset Management LLC raised its holdings in Hasbro by 98.7% during the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock worth $183,000 after buying an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.
HAS opened at $105.59 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.11 and a current ratio of 2.69. Hasbro has a fifty-two week low of $79.00 and a fifty-two week high of $107.58. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 23rd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.19. Hasbro had a net margin of 4.15% and a return on equity of 35.34%. The company had revenue of $904.50 million for the quarter, compared to analyst estimates of $839.29 million. During the same period in the prior year, the firm posted $0.53 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. equities research analysts forecast that Hasbro will post 4.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, October 31st. Hasbro’s dividend payout ratio is presently 46.15%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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