Hasbro (NASDAQ:HAS) Sets New 1-Year Low at $47.56

Hasbro, Inc. (NASDAQ:HAS – Get Rating)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.56 and last traded at $47.80, with a volume of 458945 shares changing hands. The stock had previously closed at $49.21.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HAS. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research report on Friday, February 17th. Truist Financial cut their target price on Hasbro from $70.00 to $62.00 in a research report on Friday, February 17th. Stifel Nicolaus reduced their target price on Hasbro from $84.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. StockNews.com downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Friday, February 17th. Finally, DA Davidson reduced their price objective on Hasbro from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.36.

Hasbro Price Performance

The company has a current ratio of 1.37, a quick ratio of 1.06 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average price is $59.18 and its 200 day moving average price is $63.68. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 3.35 and a beta of 0.76.

Hasbro (NASDAQ:HAS – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hasbro had a net margin of 3.47% and a return on equity of 20.68%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 4.41 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend is Friday, April 28th. Hasbro’s payout ratio is 191.78%.

Institutional Investors Weigh In On Hasbro

Hedge funds and other institutional investors have recently bought and sold shares of the business. Carolinas Wealth Consulting LLC boosted its stake in shares of Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Hasbro in the first quarter valued at $27,000. IFP Advisors Inc grew its holdings in Hasbro by 134.2% in the third quarter. IFP Advisors Inc now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 373 shares during the last quarter. Power Corp of Canada purchased a new position in shares of Hasbro in the first quarter valued at $29,000. Finally, Grayhawk Investment Strategies Inc. acquired a new position in shares of Hasbro during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 80.87% of the company’s stock.

Hasbro Company Profile

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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.