Hasbro (NASDAQ:HAS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a hold rating to a buy rating in a report published on Tuesday morning.

Other equities analysts have also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, DA Davidson increased their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Trading Down 0.9 %

Shares of HAS opened at $61.04 on Tuesday. Hasbro has a 1-year low of $54.05 and a 1-year high of $73.46. The company has a market capitalization of $8.52 billion, a P/E ratio of 22.20, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The firm’s 50 day simple moving average is $60.93 and its 200 day simple moving average is $63.64.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Sell-side analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Hasbro during the 3rd quarter valued at about $31,000. Parvin Asset Management LLC bought a new stake in shares of Hasbro in the 4th quarter worth approximately $25,000. Allworth Financial LP increased its stake in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro during the third quarter valued at approximately $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Hasbro in the third quarter worth $45,000. 91.83% of the stock is owned by institutional investors.

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.