StockNews.com Lowers Hasbro (NASDAQ:HAS) to Sell

StockNews.com lowered shares of Hasbro (NASDAQ:HAS) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Several other analysts also recently commented on the company. Argus raised their target price on Hasbro from $70.00 to $75.00 in a research note on Friday, August 4th. Stifel Nicolaus raised their price objective on Hasbro from $79.00 to $94.00 and gave the company a buy rating in a research note on Friday, August 25th. DA Davidson reaffirmed a buy rating and set a $80.00 target price on shares of Hasbro in a research report on Monday, August 7th. Finally, Bank of America increased their target price on Hasbro from $85.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $79.64.

Hasbro Price Performance

Hasbro stock opened at $66.37 on Wednesday. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of -35.88, a PEG ratio of 2.71 and a beta of 0.73. Hasbro has a 52-week low of $45.75 and a 52-week high of $77.91. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.91 and a current ratio of 1.29. The stock’s 50 day moving average price is $66.53 and its two-hundred day moving average price is $60.20.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.09). Hasbro had a positive return on equity of 16.12% and a negative net margin of 4.61%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The firm’s revenue was down 9.6% compared to the same quarter last year. On average, equities analysts predict that Hasbro will post 4.07 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.80 annualized dividend and a yield of 4.22%. Hasbro’s dividend payout ratio is currently -151.35%.

Institutional Investors Weigh In On Hasbro

A number of hedge funds have recently modified their holdings of HAS. Portside Wealth Group LLC purchased a new position in Hasbro in the 2nd quarter worth approximately $276,000. Comerica Bank bought a new position in Hasbro during the 2nd quarter valued at approximately $254,160,000. BOKF NA boosted its holdings in Hasbro by 1.9% in the second quarter. BOKF NA now owns 10,890 shares of the company’s stock valued at $705,000 after acquiring an additional 201 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Hasbro by 325.0% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 91,066 shares of the company’s stock valued at $5,898,000 after purchasing an additional 69,641 shares in the last quarter. Finally, Coastal Bridge Advisors LLC grew its holdings in shares of Hasbro by 15.4% during the 2nd quarter. Coastal Bridge Advisors LLC now owns 21,240 shares of the company’s stock worth $1,376,000 after acquiring an additional 2,838 shares during the period. Institutional investors own 82.84% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.