Hasbro (NASDAQ:HAS) Sets New 52-Week High at $73.46

Shares of Hasbro, Inc. (NASDAQ:HAS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $73.46 and last traded at $72.57, with a volume of 78674 shares trading hands. The stock had previously closed at $72.32.

Wall Street Analyst Weigh In

HAS has been the topic of a number of analyst reports. Bank of America upped their price target on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Morgan Stanley increased their target price on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Stock Performance

The stock’s 50 day moving average is $66.88 and its two-hundred day moving average is $61.59. The firm has a market capitalization of $10.07 billion, a P/E ratio of -7.13, a P/E/G ratio of 0.53 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Hedge Funds Weigh In On Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at approximately $604,000. Quarry LP bought a new position in Hasbro in the second quarter valued at approximately $79,000. Algert Global LLC acquired a new position in shares of Hasbro in the second quarter valued at approximately $2,802,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Hasbro during the second quarter worth $129,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Hasbro during the second quarter worth $713,000. 91.83% of the stock is owned by institutional investors.

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.