Analysts Set Hasbro, Inc. (NASDAQ:HAS) Target Price at $65.73

Hasbro, Inc. (NASDAQ:HAS) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $66.36.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Stifel Nicolaus lifted their target price on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Finally, Roth Mkm raised their price target on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th.

Hasbro Stock Down 0.3 %

Shares of HAS stock opened at $64.28 on Friday. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of -6.34, a PEG ratio of 1.09 and a beta of 0.74. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The company’s fifty day moving average price is $54.70 and its 200-day moving average price is $51.13. Hasbro has a one year low of $42.66 and a one year high of $73.57.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. Sell-side analysts expect that Hasbro will post 3.46 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.36%. Hasbro’s dividend payout ratio is presently -27.61%.

Institutional Investors Weigh In On Hasbro

A number of hedge funds have recently made changes to their positions in HAS. CWM LLC lifted its position in Hasbro by 19.2% during the third quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $92,000 after acquiring an additional 224 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Hasbro during the third quarter worth about $734,000. Czech National Bank increased its holdings in shares of Hasbro by 47.8% during the third quarter. Czech National Bank now owns 22,794 shares of the company’s stock valued at $1,508,000 after acquiring an additional 7,370 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Hasbro in the 3rd quarter worth approximately $249,000. Finally, HGK Asset Management Inc. acquired a new position in Hasbro during the 3rd quarter valued at approximately $281,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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.