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

Shares of Hasbro, Inc. (NASDAQ:HAS) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $80.67.

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

Hasbro Stock Down 3.6 %

HAS opened at $61.76 on Friday. The company has a market capitalization of $8.62 billion, a PE ratio of -13.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro has a fifty-two week low of $46.09 and a fifty-two week high of $73.46. The business has a 50-day moving average of $66.38 and a 200-day moving average of $64.73.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. Equities research analysts forecast that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.53%. The ex-dividend date was Wednesday, November 20th. Hasbro’s payout ratio is currently -60.34%.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of Hasbro by 68.4% during the 1st quarter. Cetera Investment Advisers now owns 34,798 shares of the company’s stock valued at $1,967,000 after acquiring an additional 14,128 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Hasbro during the first quarter valued at approximately $362,000. CWM LLC grew its stake in shares of Hasbro by 62.0% in the 2nd quarter. CWM LLC now owns 3,075 shares of the company’s stock valued at $180,000 after purchasing an additional 1,177 shares during the period. Czech National Bank raised its holdings in shares of Hasbro by 8.7% in the 2nd quarter. Czech National Bank now owns 24,937 shares of the company’s stock worth $1,459,000 after buying an additional 1,990 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Hasbro by 10.5% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 3,458 shares of the company’s stock worth $202,000 after buying an additional 329 shares during the period. 91.83% of the stock is currently 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.