Hasbro (NASDAQ:HAS) Hits New 52-Week Low at $76.09

Hasbro, Inc. (NASDAQ:HASGet Rating)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $76.09 and last traded at $76.24, with a volume of 14890 shares changing hands. The stock had previously closed at $77.99.

Analyst Upgrades and Downgrades

Several research firms recently commented on HAS. Truist Financial dropped their price objective on Hasbro from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Wednesday, July 20th. BMO Capital Markets dropped their price objective on Hasbro from $85.00 to $80.00 in a research note on Thursday, July 21st. UBS Group dropped their price objective on Hasbro to $120.00 in a research note on Tuesday, July 26th. MKM Partners dropped their price objective on Hasbro from $118.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Finally, KeyCorp downgraded Hasbro to a “sector weight” rating in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.82.

Hasbro Trading Down 2.8 %

The stock has a market cap of $10.47 billion, a P/E ratio of 19.54, a PEG ratio of 1.85 and a beta of 0.77. The firm’s fifty day moving average price is $80.03 and its two-hundred day moving average price is $84.29. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.03.

Hasbro (NASDAQ:HASGet Rating) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.27. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts forecast that Hasbro, Inc. will post 5.1 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a $0.70 dividend. The ex-dividend date is Monday, October 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.69%. Hasbro’s payout ratio is currently 72.16%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HAS. BlackRock Inc. increased its stake in Hasbro by 5.3% in the first quarter. BlackRock Inc. now owns 13,087,270 shares of the company’s stock valued at $1,072,111,000 after acquiring an additional 653,202 shares during the last quarter. State Street Corp increased its stake in Hasbro by 0.5% in the first quarter. State Street Corp now owns 5,337,035 shares of the company’s stock valued at $437,210,000 after acquiring an additional 23,978 shares during the last quarter. Boston Partners increased its stake in Hasbro by 29.3% in the first quarter. Boston Partners now owns 3,145,640 shares of the company’s stock valued at $257,711,000 after acquiring an additional 713,710 shares during the last quarter. Geode Capital Management LLC increased its stake in Hasbro by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 2,434,716 shares of the company’s stock valued at $247,249,000 after acquiring an additional 73,544 shares during the last quarter. Finally, London Co. of Virginia increased its stake in Hasbro by 90.6% in the second quarter. London Co. of Virginia now owns 2,413,415 shares of the company’s stock valued at $197,611,000 after acquiring an additional 1,147,196 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

About Hasbro

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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

Further Reading

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