Hasbro, Inc. (NASDAQ:HAS) Receives $81.25 Consensus Target Price from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $81.25.

A number of brokerages have recently commented on HAS. Citigroup reaffirmed a “buy” rating and issued a $79.00 target price (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Wall Street Zen raised Hasbro from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Morgan Stanley raised their price objective on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parvin Asset Management LLC purchased a new stake in shares of Hasbro during the fourth quarter worth $25,000. Sentry Investment Management LLC bought a new stake in shares of Hasbro in the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. boosted its holdings in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after purchasing an additional 269 shares during the period. Allworth Financial LP raised its position in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after buying an additional 178 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $73.13 on Thursday. Hasbro has a 1-year low of $49.00 and a 1-year high of $73.46. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.02 and a beta of 0.56. The company’s 50-day moving average is $65.26 and its two-hundred day moving average is $61.13. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The business had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 17.1% on a year-over-year basis. Analysts forecast that Hasbro will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro’s payout ratio is currently 92.41%.

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.