Hasbro, Inc. (NASDAQ:HAS) Receives $80.22 Consensus PT from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat 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 price objective among brokers that have covered the stock in the last year is $80.22.

Several brokerages have commented on HAS. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. DA Davidson increased their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd.

Hedge Funds Weigh In On Hasbro

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares during the period. American Trust bought a new position in Hasbro in the 3rd quarter worth $634,000. Quest Partners LLC raised its holdings in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after purchasing an additional 26,337 shares during the period. Larson Financial Group LLC raised its holdings in Hasbro by 33.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after purchasing an additional 799 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Hasbro by 32.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after purchasing an additional 2,426 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

Shares of HAS opened at $60.38 on Tuesday. The business’s fifty day simple moving average is $60.69 and its two-hundred day simple moving average is $63.83. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a 12 month low of $54.05 and a 12 month high of $73.46. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Research analysts anticipate that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.70 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.64%. Hasbro’s dividend payout ratio is currently 101.82%.

Hasbro Company Profile

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.