Hasbro (NASDAQ:HAS) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Hasbro (NASDAQ:HASFree Report) from a hold rating to a sell rating in a report issued on Friday.

Several other research firms also recently issued reports on HAS. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a report on Wednesday, February 14th. DA Davidson reiterated a neutral rating and issued a $52.00 target price on shares of Hasbro in a research report on Tuesday. Jefferies Financial Group increased their target price on shares of Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research report on Friday, March 15th. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $64.00 target price on shares of Hasbro in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hasbro presently has a consensus rating of Hold and an average target price of $61.10.

View Our Latest Research Report on Hasbro

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $56.52 on Friday. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The company has a market capitalization of $7.84 billion, a PE ratio of -5.27, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57. The company’s fifty day moving average price is $51.54 and its 200 day moving average price is $52.24.

Hasbro (NASDAQ:HASGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 earnings per share. On average, research analysts predict that Hasbro will post 3.23 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.95%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is currently -26.12%.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Hasbro by 0.4% during the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock worth $1,041,879,000 after purchasing an additional 55,258 shares during the last quarter. Capital Research Global Investors increased its position in shares of Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after acquiring an additional 3,273,563 shares during the last quarter. State Street Corp increased its position in shares of Hasbro by 2.4% during the second quarter. State Street Corp now owns 7,054,891 shares of the company’s stock valued at $456,945,000 after acquiring an additional 166,294 shares during the last quarter. Marshall Wace LLP increased its position in shares of Hasbro by 595.1% during the second quarter. Marshall Wace LLP now owns 3,843,734 shares of the company’s stock valued at $248,959,000 after acquiring an additional 3,290,766 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Hasbro by 232.3% during the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock valued at $221,763,000 after acquiring an additional 2,541,129 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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