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

Hasbro, Inc. (NASDAQ:HAS) has been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $113.0714.

A number of equities research analysts have recently commented on the stock. Monness Crespi & Hardt upped their price objective on shares of Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group boosted their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wolfe Research lifted their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th.

Hasbro Price Performance

Shares of HAS opened at $88.59 on Friday. The business has a 50-day moving average of $95.03 and a 200-day moving average of $84.60. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of -37.70 and a beta of 0.54. Hasbro has a 1 year low of $49.00 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. Hasbro’s payout ratio is currently -119.15%.

Insider Activity at Hasbro

In other news, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the transaction, the chief financial officer owned 68,221 shares of the company’s stock, valued at $7,058,144.66. This represents a 15.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer owned 303,310 shares of the company’s stock, valued at approximately $30,431,092.30. This represents a 39.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 413,342 shares of company stock valued at $42,241,679 in the last ninety days. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Hasbro in the 4th quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after buying an additional 1,753 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after buying an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Hasbro during the first quarter worth about $292,000. Institutional investors own 91.83% of the company’s stock.

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.