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

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $80.67.

Several analysts have recently weighed in on HAS shares. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus boosted 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. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Hedge Funds Weigh In On Hasbro

Several large investors have recently bought and sold shares of HAS. Swedbank AB bought a new position in Hasbro during the 1st quarter valued at $82,523,000. Mizuho Securities USA LLC increased its position in shares of Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after purchasing an additional 989,906 shares during the last quarter. Samlyn Capital LLC increased its position in shares of Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after purchasing an additional 855,099 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Hasbro by 469.4% during the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in shares of Hasbro during the 3rd quarter valued at $32,032,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 1.3 %

HAS stock opened at $62.21 on Wednesday. Hasbro has a 52 week low of $43.74 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 business has a 50-day simple moving average of $69.09 and a 200 day simple moving average of $64.28. The company has a market cap of $8.68 billion, a PE ratio of -13.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its 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. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. Sell-side analysts anticipate that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio is currently -60.34%.

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.