Analysts Set Hasbro, Inc. (NASDAQ:HAS) Target Price at $80.22

Hasbro, Inc. (NASDAQ:HAS) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $80.22.

HAS has been the subject of a number of research reports. StockNews.com upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Roth Mkm upped their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, DA Davidson boosted their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC increased its holdings in shares of Hasbro by 49.4% during the first quarter. Pallas Capital Advisors LLC now owns 5,997 shares of the company’s stock valued at $369,000 after purchasing an additional 1,984 shares during the period. Farther Finance Advisors LLC raised its position in shares of Hasbro by 16.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $91,000 after buying an additional 205 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Hasbro by 8.8% in the 1st quarter. Park Avenue Securities LLC now owns 7,802 shares of the company’s stock worth $480,000 after acquiring an additional 630 shares during the period. Kennebec Savings Bank lifted its stake in shares of Hasbro by 14.3% in the 1st quarter. Kennebec Savings Bank now owns 6,099 shares of the company’s stock worth $375,000 after acquiring an additional 762 shares during the period. Finally, Crestmont Private Wealth LLC bought a new position in shares of Hasbro in the first quarter valued at approximately $252,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $53.35 on Friday. The business has a 50 day moving average price of $60.45 and a two-hundred day moving average price of $62.13. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The firm has a market cap of $7.46 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Sell-side analysts expect that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is 101.82%.

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.