Hasbro (NASDAQ:HAS) Reaches New 1-Year High at $72.26

Shares of Hasbro, Inc. (NASDAQ:HAS) reached a new 52-week high on Monday . The company traded as high as $72.26 and last traded at $71.54, with a volume of 11991 shares. The stock had previously closed at $71.21.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Bank of America raised their target price on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson restated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Finally, Stifel Nicolaus lifted their target price on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

Hasbro Trading Up 0.5 %

The company has a market capitalization of $9.97 billion, a P/E ratio of -7.02, a PEG ratio of 0.52 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The business’s 50-day moving average price is $65.49 and its two-hundred day moving average price is $60.78.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue was down 17.7% compared to the same quarter last year. As a group, analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. Hasbro’s dividend payout ratio is presently -27.61%.

Institutional Investors Weigh In On Hasbro

Several large investors have recently made changes to their positions in HAS. Lindbrook Capital LLC lifted its stake in Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after acquiring an additional 167 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Hasbro in the second quarter worth $27,000. Asset Dedication LLC boosted its holdings in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Optiver Holding B.V. bought a new position in Hasbro in the fourth quarter valued at $36,000. Finally, Neo Ivy Capital Management acquired a new stake in Hasbro in the 4th quarter valued at $45,000. Institutional investors own 91.83% of the company’s stock.

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.