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

Hasbro, Inc. (NASDAQ:HAS) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $92.25.

A number of brokerages recently commented on HAS. Roth Capital set a $96.00 target price on Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. Jefferies Financial Group boosted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 29th. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Sunday. UBS Group lifted their target price on shares of Hasbro from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $94.00 price target on shares of Hasbro in a research note on Sunday, December 14th.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by corporate insiders.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in Hasbro by 128.7% during the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after acquiring an additional 1,677,962 shares during the period. Norges Bank bought a new position in shares of Hasbro during the second quarter valued at approximately $123,710,000. AQR Capital Management LLC increased its stake in shares of Hasbro by 95.7% during the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock valued at $164,831,000 after purchasing an additional 1,105,004 shares in the last quarter. Mane Global Capital Management LP purchased a new position in shares of Hasbro during the second quarter valued at approximately $77,471,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Hasbro in the 3rd quarter worth approximately $30,608,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $86.72 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The company has a 50-day moving average price of $81.02 and a 200-day moving average price of $78.35. The company has a market cap of $12.17 billion, a price-to-earnings ratio of -21.63, a price-to-earnings-growth ratio of 1.56 and a beta of 0.55. Hasbro has a 12 month low of $49.00 and a 12 month high of $89.20.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $1.73 EPS. Hasbro’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hasbro will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. Hasbro’s dividend payout ratio is currently -69.83%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.