Hasbro, Inc. (NASDAQ:HAS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hasbro, Inc. (NASDAQ:HAS) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $65.73.

A number of equities analysts have recently commented on HAS shares. DA Davidson restated 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 report on Tuesday, February 13th. Monness Crespi & Hardt upped their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus upped their target price on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HAS. Vanguard Group Inc. boosted its position in shares of Hasbro by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock worth $1,041,879,000 after acquiring an additional 55,258 shares in the last quarter. Capital Research Global Investors boosted its position in Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after buying an additional 3,273,563 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hasbro by 76.6% in the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after buying an additional 1,423,517 shares in the last quarter. Cooke & Bieler LP boosted its position in Hasbro by 31.6% in the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after buying an additional 765,898 shares in the last quarter. Finally, London Co. of Virginia boosted its position in Hasbro by 1.0% in the third quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock valued at $147,188,000 after buying an additional 21,634 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Trading Down 0.8 %

Hasbro stock opened at $64.47 on Friday. The firm has a 50-day moving average of $54.43 and a 200-day moving average of $51.18. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -6.36, a P/E/G ratio of 1.13 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same period in the prior year, the business posted $0.01 EPS. The company’s quarterly revenue was down 24.3% on a year-over-year basis. On average, equities analysts expect that Hasbro will post 3.26 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. Hasbro’s dividend payout ratio is presently -27.61%.

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.