Brokerages Set Hasbro, Inc. (NASDAQ:HAS) PT at $80.67

Shares of Hasbro, Inc. (NASDAQ:HAS) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $80.67.

A number of analysts recently issued reports on HAS shares. Morgan Stanley increased their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Hasbro Stock Performance

Shares of HAS stock opened at $65.36 on Friday. Hasbro has a 52-week low of $46.09 and a 52-week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The stock has a market cap of $9.12 billion, a PE ratio of -14.09, a price-to-earnings-growth ratio of 0.61 and a beta of 0.62. The business has a 50-day simple moving average of $67.05 and a 200-day simple moving average of $64.67.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. On average, equities analysts expect that Hasbro will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.28%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its position in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after buying an additional 166 shares during the period. Axiom Advisory LLC increased its holdings in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after buying an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.