Hasbro (NASDAQ:HAS) had its target price lifted by UBS Group from $96.00 to $117.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently issued reports on the stock. DA Davidson reiterated a buy rating on shares of Hasbro in a research note on Friday, August 23rd. Monness Crespi & Hardt reiterated a buy rating and set a $127.00 price objective (up from $109.00) on shares of Hasbro in a research note on Wednesday, July 24th. Barclays boosted their price objective on shares of Hasbro from $115.00 to $130.00 and gave the stock an overweight rating in a research note on Wednesday, July 24th. BMO Capital Markets boosted their price objective on shares of Hasbro from $93.00 to $105.00 and gave the stock a market perform rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price objective on shares of Hasbro from $95.00 to $111.00 and gave the stock a market perform rating in a research note on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $123.21.
Shares of HAS stock opened at $121.29 on Tuesday. Hasbro has a one year low of $76.84 and a one year high of $126.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.11 and a current ratio of 2.64. The company has a 50 day moving average price of $115.08 and a 200 day moving average price of $105.90. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The firm had revenue of $984.54 million during the quarter, compared to analyst estimates of $958.91 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. Hasbro’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast that Hasbro will post 4.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.72 annualized dividend and a dividend yield of 2.24%. Hasbro’s dividend payout ratio (DPR) is presently 70.65%.
Several hedge funds have recently made changes to their positions in the company. Miles Capital Inc. boosted its stake in shares of Hasbro by 1.5% in the second quarter. Miles Capital Inc. now owns 6,073 shares of the company’s stock valued at $642,000 after purchasing an additional 90 shares during the period. 6 Meridian boosted its stake in Hasbro by 1.9% during the 2nd quarter. 6 Meridian now owns 5,548 shares of the company’s stock valued at $586,000 after acquiring an additional 103 shares during the last quarter. Creative Planning boosted its stake in Hasbro by 1.6% during the 2nd quarter. Creative Planning now owns 7,704 shares of the company’s stock valued at $814,000 after acquiring an additional 123 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Hasbro by 1.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,554 shares of the company’s stock valued at $1,224,000 after acquiring an additional 139 shares during the last quarter. Finally, Securian Asset Management Inc boosted its stake in Hasbro by 1.2% during the 2nd quarter. Securian Asset Management Inc now owns 12,081 shares of the company’s stock valued at $1,277,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
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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