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

Shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $75.00.

Several brokerages have recently commented on HAS. Monness Crespi & Hardt reduced their target price on Hasbro from $106.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, January 27th. DA Davidson restated a “buy” rating and issued a $80.00 target price on shares of Hasbro in a research note on Monday, April 3rd. StockNews.com downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Stifel Nicolaus raised their price objective on shares of Hasbro from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, 1-800-FLOWERS.COM reissued a “maintains” rating on shares of Hasbro in a research note on Friday, April 28th.

Hasbro Price Performance

Shares of HAS stock opened at $61.19 on Friday. The company has a market capitalization of $8.48 billion, a P/E ratio of 71.15, a P/E/G ratio of 5.45 and a beta of 0.74. The company has a current ratio of 1.34, a quick ratio of 0.96 and a debt-to-equity ratio of 1.33. Hasbro has a 12 month low of $45.75 and a 12 month high of $92.56. The stock has a 50 day moving average of $53.08 and a two-hundred day moving average of $58.06.

Hasbro (NASDAQ:HAS – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $883.06 million. Hasbro had a return on equity of 18.56% and a net margin of 2.11%. During the same period in the previous year, the business posted $0.57 earnings per share. Hasbro’s revenue was down 14.0% on a year-over-year basis. As a group, equities analysts expect that Hasbro will post 4.46 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, April 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.58%. Hasbro’s dividend payout ratio is 325.58%.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Hasbro by 37.1% during the first quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock worth $851,000 after purchasing an additional 2,810 shares during the period. Private Advisor Group LLC grew its stake in Hasbro by 14.2% in the 1st quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock valued at $562,000 after buying an additional 850 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Hasbro by 23.0% in the 1st quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock valued at $2,887,000 after acquiring an additional 6,597 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Hasbro by 61.8% during the first quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock worth $1,486,000 after acquiring an additional 6,927 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Hasbro by 2.5% in the first quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock valued at $17,268,000 after purchasing an additional 5,054 shares during the last quarter. 80.87% of the stock is owned by institutional investors.

About Hasbro

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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.