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

Hasbro, Inc. (NASDAQ:HAS) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat.com 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 brokerages that have updated their coverage on the stock in the last year is $80.11.

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

Hasbro Trading Up 0.7 %

HAS stock opened at $56.80 on Thursday. Hasbro has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The business’s 50 day moving average is $62.22 and its 200-day moving average is $64.49. The firm has a market cap of $7.92 billion, a P/E ratio of -12.24, a P/E/G ratio of 0.57 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities analysts anticipate that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently made changes to their positions in HAS. Principal Financial Group Inc. lifted its position in shares of Hasbro by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 153,904 shares of the company’s stock worth $11,130,000 after purchasing an additional 5,771 shares during the period. American Trust acquired a new position in Hasbro in the third quarter valued at $634,000. Optimist Retirement Group LLC acquired a new position in Hasbro in the third quarter valued at $280,000. Wilmington Savings Fund Society FSB acquired a new stake in Hasbro during the 3rd quarter worth about $45,000. Finally, Sanctuary Advisors LLC raised its position in shares of Hasbro by 17.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,041 shares of the company’s stock worth $798,000 after acquiring an additional 1,674 shares in 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.