Hasbro, Inc. (NASDAQ:HAS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HASGet Rating) have received an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $89.50.

Several brokerages recently issued reports on HAS. MKM Partners cut their price objective on shares of Hasbro from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, October 10th. DA Davidson lifted their price target on shares of Hasbro from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 19th. Truist Financial cut their price target on shares of Hasbro from $88.00 to $75.00 and set a “hold” rating on the stock in a report on Wednesday, October 5th. Jefferies Financial Group dropped their price objective on shares of Hasbro from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Finally, StockNews.com began coverage on shares of Hasbro in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Hasbro Trading Up 2.5 %

HAS opened at $64.86 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market cap of $8.96 billion, a P/E ratio of 21.77, a P/E/G ratio of 3.72 and a beta of 0.76. Hasbro has a 12 month low of $54.65 and a 12 month high of $105.13. The stock has a 50-day moving average of $60.55 and a 200 day moving average of $71.11.

Hasbro (NASDAQ:HASGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.11). Hasbro had a return on equity of 19.90% and a net margin of 6.70%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue for the quarter was down 14.9% on a year-over-year basis. As a group, research analysts forecast that Hasbro will post 4.65 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, January 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.32%. Hasbro’s dividend payout ratio (DPR) is 93.96%.

Hedge Funds Weigh In On Hasbro

A number of hedge funds have recently made changes to their positions in HAS. Vanguard Group Inc. lifted its holdings in Hasbro by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,142,015 shares of the company’s stock worth $1,020,875,000 after buying an additional 508,345 shares in the last quarter. State Street Corp grew its position in shares of Hasbro by 0.5% in the 1st quarter. State Street Corp now owns 5,337,035 shares of the company’s stock valued at $437,210,000 after buying an additional 23,978 shares during the last quarter. Boston Partners grew its position in shares of Hasbro by 5.5% in the 3rd quarter. Boston Partners now owns 3,371,709 shares of the company’s stock valued at $227,274,000 after buying an additional 174,524 shares during the last quarter. Alta Fox Capital Management LLC grew its position in shares of Hasbro by 0.6% in the 3rd quarter. Alta Fox Capital Management LLC now owns 3,162,133 shares of the company’s stock valued at $213,191,000 after buying an additional 20,000 shares during the last quarter. Finally, London Co. of Virginia grew its position in shares of Hasbro by 90.6% in the 2nd quarter. London Co. of Virginia now owns 2,413,415 shares of the company’s stock valued at $197,611,000 after buying an additional 1,147,196 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

About Hasbro

(Get Rating)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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