Hasbro, Inc. (NASDAQ:HAS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $80.22.

HAS has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley reaffirmed 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. Stifel Nicolaus cut 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. Finally, Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction on 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 directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hasbro

A number of hedge funds have recently added to or reduced their stakes in HAS. Mackenzie Financial Corp boosted its stake in shares of Hasbro by 164.6% in the fourth quarter. Mackenzie Financial Corp now owns 11,696 shares of the company’s stock valued at $654,000 after buying an additional 7,276 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Hasbro in the 4th quarter valued at about $741,000. Toronto Dominion Bank lifted its stake in shares of Hasbro by 2.9% in the fourth quarter. Toronto Dominion Bank now owns 52,495 shares of the company’s stock valued at $2,935,000 after purchasing an additional 1,485 shares during the period. Neo Ivy Capital Management purchased a new stake in Hasbro during the fourth quarter worth about $3,719,000. Finally, Castleark Management LLC grew its position in Hasbro by 2.6% during the fourth quarter. Castleark Management LLC now owns 103,500 shares of the company’s stock worth $5,787,000 after buying an additional 2,660 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Up 2.2 %

Shares of HAS stock opened at $68.55 on Friday. The stock’s fifty day moving average price is $58.72 and its 200 day moving average price is $64.26. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro has a 1-year low of $48.63 and a 1-year high of $73.46. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

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

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio is currently 101.82%.

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.