Hasbro, Inc. (NASDAQ:HAS) Receives $80.67 Consensus PT from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $80.11.

HAS has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley increased their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Bank of America boosted their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at about $46,000. Commonwealth Equity Services LLC grew its holdings in Hasbro by 2.2% during the second quarter. Commonwealth Equity Services LLC now owns 49,747 shares of the company’s stock valued at $2,910,000 after purchasing an additional 1,090 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Hasbro by 87.4% in the second quarter. Van ECK Associates Corp now owns 86,453 shares of the company’s stock valued at $5,058,000 after purchasing an additional 40,318 shares during the period. Rhumbline Advisers lifted its stake in shares of Hasbro by 3.0% in the second quarter. Rhumbline Advisers now owns 273,312 shares of the company’s stock worth $15,989,000 after buying an additional 7,919 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Hasbro during the 2nd quarter worth $138,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of Hasbro stock opened at $57.11 on Thursday. Hasbro has a 52 week low of $46.09 and a 52 week high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The stock has a market cap of $7.97 billion, a PE ratio of -12.31, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64. The company’s 50-day moving average price is $61.68 and its two-hundred day moving average price is $64.43.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, sell-side analysts anticipate that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.90%. Hasbro’s dividend payout ratio is presently -60.34%.

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.