Hasbro, Inc. (NASDAQ:HAS – Get Rating) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $76.00.
A number of equities research analysts have recently weighed in on HAS shares. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Friday, February 17th. DA Davidson reaffirmed a “buy” rating and set a $80.00 price target on shares of Hasbro in a research note on Monday, April 3rd. Truist Financial cut their price target on Hasbro from $70.00 to $62.00 in a research note on Friday, February 17th. Bank of America raised their price target on Hasbro from $63.00 to $68.00 in a research note on Wednesday, May 17th. Finally, 1-800-FLOWERS.COM reissued a “maintains” rating on shares of Hasbro in a research note on Friday, April 28th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Hasbro during the third quarter worth about $205,000. Toronto Dominion Bank raised its holdings in Hasbro by 5.3% during the fourth quarter. Toronto Dominion Bank now owns 62,220 shares of the company’s stock worth $3,794,000 after acquiring an additional 3,123 shares in the last quarter. Clarius Group LLC raised its holdings in Hasbro by 2.0% during the fourth quarter. Clarius Group LLC now owns 14,443 shares of the company’s stock worth $881,000 after acquiring an additional 289 shares in the last quarter. Bank of America Corp DE raised its holdings in Hasbro by 12.7% during the fourth quarter. Bank of America Corp DE now owns 1,028,267 shares of the company’s stock worth $62,735,000 after acquiring an additional 115,585 shares in the last quarter. Finally, BDO Wealth Advisors LLC raised its holdings in Hasbro by 4.5% during the fourth quarter. BDO Wealth Advisors LLC now owns 5,878 shares of the company’s stock worth $359,000 after acquiring an additional 254 shares in the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.
Hasbro Trading Up 0.1 %
Shares of HAS stock opened at $59.94 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. Hasbro has a fifty-two week low of $45.75 and a fifty-two week high of $89.26. The stock has a market capitalization of $8.31 billion, a P/E ratio of 69.70, a P/E/G ratio of 5.43 and a beta of 0.74. The stock has a 50-day simple moving average of $56.82 and a 200 day simple moving average of $57.85.
Hasbro (NASDAQ:HAS – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Hasbro had a net margin of 2.11% and a return on equity of 18.56%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $883.06 million. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, sell-side analysts expect that Hasbro will post 4.45 earnings per share for the current fiscal year.
Hasbro Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, July 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.67%. Hasbro’s payout ratio is 325.59%.
Hasbro Company Profile
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.