Hasbro, Inc. (NASDAQ:HAS) Receives $80.22 Average Target Price from Brokerages

Hasbro, Inc. (NASDAQ:HAS) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $80.22.

A number of research analysts have recently weighed in on the company. Roth Mkm raised their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus cut their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd.

Hasbro Trading Down 0.4 %

Shares of HAS stock opened at $60.38 on Tuesday. Hasbro has a 52-week low of $54.05 and a 52-week high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm has a market capitalization of $8.42 billion, a PE ratio of 21.96, a PEG ratio of 0.60 and a beta of 0.51. The stock has a fifty day simple moving average of $60.69 and a two-hundred day simple moving average of $63.83.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts predict that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Hasbro by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock worth $914,599,000 after acquiring an additional 404,527 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hasbro by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock worth $188,269,000 after purchasing an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. lifted its stake in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Hedge funds and other 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.