Zacks Investment Research upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research note published on Tuesday, November 21st.
According to Zacks, “Hasbro‘s earnings have topped the Zacks Consensus Estimate in all the trailing 11 quarters. Revenues too have been mostly surpassing the consensus mark. Consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets is likely to continue driving the top- and bottom–line performance. However, Hasbro’s shares underperformed the industry over the past six months. The recent Toys "R" Us bankruptcy may continue to impact Hasbro’s revenue and operating profit in the near-term and weigh on its performance. Even so, rich content slate, new product launches, various sales boosting initiatives along with a favorable gaming portfolio is expected to drive growth ahead. Yet, rising competition from alternative modes of entertainment might limit top-line growth, while high costs along with macroeconomic and currency headwinds may dent profits.”
Other equities research analysts also recently issued research reports about the company. Jefferies Group restated a buy rating and issued a $125.00 target price on shares of Hasbro in a research report on Thursday, August 31st. BidaskClub downgraded Hasbro from a strong-buy rating to a buy rating in a report on Saturday, August 12th. Goldman Sachs Group restated a buy rating and set a $118.00 price target on shares of Hasbro in a report on Monday, October 2nd. DA Davidson reaffirmed a buy rating and set a $124.00 price objective (up from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. Finally, KeyCorp reissued a buy rating and issued a $105.00 target price on shares of Hasbro in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $105.99.
Hasbro (HAS) traded up $0.54 during trading on Tuesday, hitting $91.35. The stock had a trading volume of 1,023,696 shares, compared to its average volume of 1,337,994. The stock has a market capitalization of $11,348.26, a PE ratio of 19.43, a PEG ratio of 1.82 and a beta of 0.86. Hasbro has a 1-year low of $77.20 and a 1-year high of $116.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share. equities analysts forecast that Hasbro will post 5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.50%. Hasbro’s dividend payout ratio (DPR) is 48.72%.
Several hedge funds have recently bought and sold shares of the company. Cypress Capital Group boosted its holdings in shares of Hasbro by 146.6% during the third quarter. Cypress Capital Group now owns 5,500 shares of the company’s stock worth $538,000 after purchasing an additional 3,270 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Hasbro during the third quarter worth $307,000. Stonebridge Capital Advisors LLC boosted its holdings in shares of Hasbro by 9.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 8,258 shares of the company’s stock worth $807,000 after purchasing an additional 690 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Hasbro by 21.1% during the third quarter. Coldstream Capital Management Inc. now owns 8,336 shares of the company’s stock worth $814,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Piedmont Investment Advisors LLC boosted its holdings in Hasbro by 11.2% in the third quarter. Piedmont Investment Advisors LLC now owns 60,816 shares of the company’s stock valued at $5,940,000 after acquiring an additional 6,123 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.
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Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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