StockNews.com upgraded shares of Hasbro (NASDAQ:HAS – Free Report) from a sell rating to a hold rating in a research report report published on Friday morning.
Other equities research analysts also recently issued research reports about the company. Bank of America raised their price objective on Hasbro from $85.00 to $90.00 and gave the company a buy rating in a report on Tuesday, August 22nd. Stifel Nicolaus raised their price objective on Hasbro from $79.00 to $94.00 and gave the company a buy rating in a report on Friday, August 25th. DA Davidson reissued a buy rating and set a $80.00 price objective on shares of Hasbro in a report on Monday, August 7th. Morgan Stanley initiated coverage on Hasbro in a report on Wednesday, September 27th. They set an overweight rating and a $84.00 target price on the stock. Finally, Argus lifted their target price on Hasbro from $70.00 to $75.00 in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $80.00.
Get Our Latest Stock Analysis on HAS
Hasbro Trading Down 2.8 %
Shares of HAS stock opened at $64.28 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.91 and a current ratio of 1.29. Hasbro has a fifty-two week low of $45.75 and a fifty-two week high of $73.57. The company has a market cap of $8.92 billion, a PE ratio of -34.75, a P/E/G ratio of 2.58 and a beta of 0.74. The stock’s fifty day moving average price is $66.84 and its two-hundred day moving average price is $61.39.
Hasbro (NASDAQ:HAS – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.09). Hasbro had a negative net margin of 4.61% and a positive return on equity of 16.12%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $1.15 EPS. The company’s revenue was down 9.6% compared to the same quarter last year. Equities analysts predict that Hasbro will post 4.09 EPS for the current fiscal year.
Hasbro Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently -151.35%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its position in Hasbro by 37.1% in the 1st quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock valued at $851,000 after buying an additional 2,810 shares in the last quarter. Private Advisor Group LLC increased its position in Hasbro by 14.2% in the 1st quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock valued at $562,000 after buying an additional 850 shares in the last quarter. MetLife Investment Management LLC increased its position in Hasbro by 23.0% in the 1st quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock valued at $2,887,000 after buying an additional 6,597 shares in the last quarter. Panagora Asset Management Inc. increased its position in Hasbro by 61.8% in the 1st quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock valued at $1,486,000 after buying an additional 6,927 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Hasbro by 2.5% in the 1st quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock valued at $17,268,000 after buying an additional 5,054 shares in the last quarter. 82.84% of the stock is owned by institutional investors.
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.
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