Hasbro, Inc. (NASDAQ:HAS) Receives $79.89 Consensus Price Target from Analysts

Hasbro, Inc. (NASDAQ:HAS) has received a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $79.89.

Several analysts have recently weighed in on HAS shares. Citigroup raised Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Friday, April 25th. StockNews.com downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, DA Davidson raised shares of Hasbro to a “hold” rating in a research report on Monday, April 14th.

Hasbro Trading Down 0.5 %

HAS opened at $61.48 on Wednesday. The business’s 50-day simple moving average is $58.49 and its 200-day simple moving average is $60.42. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The company has a market cap of $8.60 billion, a P/E ratio of 22.36, a PEG ratio of 0.60 and a beta of 0.54. Hasbro has a one year low of $49.00 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 17.1% compared to the same quarter last year. As a group, equities research analysts expect that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.55%. Hasbro’s payout ratio is 92.41%.

Institutional Trading of Hasbro

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Hasbro by 0.6% during the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock worth $1,012,374,000 after acquiring an additional 105,624 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hasbro by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock worth $188,269,000 after purchasing an additional 59,794 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. grew its position in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock valued at $176,649,000 after purchasing an additional 701,660 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.