Roth Mkm Issues Positive Forecast for Hasbro (NASDAQ:HAS) Stock Price

Hasbro (NASDAQ:HAS) had its price objective lifted by Roth Mkm from $68.00 to $82.00 in a research report sent to investors on Friday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

HAS has been the topic of a number of other research reports. Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, DA Davidson increased their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Hasbro Trading Down 2.2 %

NASDAQ:HAS opened at $67.56 on Friday. 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 has a twelve month low of $48.63 and a twelve month high of $73.46. The company has a market cap of $9.42 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64. The business has a 50 day moving average price of $58.42 and a two-hundred day moving average price of $64.21.

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

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. Hasbro’s dividend payout ratio is currently 101.82%.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in Hasbro by 7,141.6% during the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after acquiring an additional 55,847 shares during the period. GW Henssler & Associates Ltd. bought a new position in shares of Hasbro during the third quarter worth approximately $18,163,000. Charles Schwab Investment Management Inc. raised its position in shares of Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after buying an additional 8,270 shares in the last quarter. American Trust acquired a new stake in shares of Hasbro in the third quarter valued at approximately $634,000. Finally, Quest Partners LLC boosted its stake in shares of Hasbro by 972.6% in the third quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after buying an additional 26,337 shares during the period. Institutional investors and hedge funds 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.