Hasbro, Inc. (NASDAQ:HAS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $77.80.

A number of brokerages recently weighed in on HAS. Morgan Stanley upped their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. DA Davidson lifted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group raised their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st.

Institutional Trading of Hasbro

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank AB acquired a new stake in Hasbro during the first quarter worth approximately $82,523,000. Samlyn Capital LLC lifted its stake in shares of Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after purchasing an additional 565,645 shares during the last quarter. Smith Group Asset Management LLC purchased a new stake in shares of Hasbro in the third quarter valued at $32,032,000. Finally, SG Americas Securities LLC increased its stake in Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after purchasing an additional 281,454 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

NASDAQ:HAS opened at $66.42 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The firm’s fifty day moving average price is $69.84 and its 200 day moving average price is $63.60. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.42. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $1.64 earnings per share. The business’s revenue was down 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Hasbro will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s payout ratio is -37.53%.

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.