Hasbro, Inc. (NASDAQ:HAS) Receives $80.67 Average Price Target from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $80.67.

Several research firms have commented on HAS. Morgan Stanley lifted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st.

Hasbro Stock Up 0.1 %

Shares of NASDAQ:HAS opened at $61.76 on Wednesday. The company has a market cap of $8.62 billion, a price-to-earnings ratio of -13.31, a PEG ratio of 0.57 and a beta of 0.63. Hasbro has a 12 month low of $43.74 and a 12 month high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company has a 50-day moving average price of $68.89 and a 200 day moving average price of $64.32.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period last year, the company earned $1.64 EPS. As a group, equities research analysts predict that Hasbro will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Hedge Funds Weigh In On Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Hasbro by 30.0% in the first quarter. Janney Montgomery Scott LLC now owns 26,347 shares of the company’s stock worth $1,489,000 after acquiring an additional 6,073 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Hasbro by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock worth $1,524,000 after purchasing an additional 299 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Hasbro by 39.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,739 shares of the company’s stock worth $777,000 after purchasing an additional 3,897 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Hasbro by 43.0% during the first quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after purchasing an additional 8,280 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Hasbro by 7.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after buying an additional 10,961 shares during the period. Institutional investors own 91.83% of the company’s stock.

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.