Hasbro (NASDAQ:HAS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research report report published on Monday.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research note on Monday. DA Davidson reissued a neutral rating and set a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. Finally, Roth Mkm boosted their price objective on shares of Hasbro from $60.00 to $65.00 and gave the company a buy rating in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of Hold and a consensus target price of $61.90.

Hasbro Stock Down 0.4 %

HAS stock opened at $55.59 on Monday. The stock has a market capitalization of $7.72 billion, a P/E ratio of -5.19, a PEG ratio of 1.48 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a 50 day moving average price of $53.00 and a two-hundred day moving average price of $51.23.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was down 23.2% on a year-over-year basis. As a group, sell-side analysts expect that Hasbro will post 3.24 EPS for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.04%. Hasbro’s dividend payout ratio is currently -26.12%.

Hedge Funds Weigh In On Hasbro

A number of institutional investors have recently added to or reduced their stakes in HAS. Capital Research Global Investors lifted its holdings in Hasbro by 27.0% in the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after buying an additional 3,273,563 shares in the last quarter. Morgan Stanley raised its stake in shares of Hasbro by 232.3% in the 4th quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock valued at $221,763,000 after purchasing an additional 2,541,129 shares in the last quarter. State Street Corp raised its stake in shares of Hasbro by 35.8% in the 1st quarter. State Street Corp now owns 6,888,597 shares of the company’s stock valued at $369,849,000 after purchasing an additional 1,814,972 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hasbro by 76.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after purchasing an additional 1,423,517 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hasbro in the 4th quarter valued at about $70,544,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

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.