Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $122.17.
HAS has been the topic of a number of research analyst reports. DA Davidson upped their price target on shares of Hasbro from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Argus raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Friday, July 26th. Zacks Investment Research raised shares of Hasbro from a “sell” rating to a “hold” rating and set a $114.00 price target on the stock in a research report on Wednesday, April 24th. Wells Fargo & Co upped their price target on shares of Hasbro from $95.00 to $111.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, KeyCorp upped their price target on shares of Hasbro from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, July 29th.
In other Hasbro news, EVP Stephen J. Davis sold 4,200 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $98.24, for a total value of $412,608.00. Following the completion of the sale, the executive vice president now owns 39,238 shares in the company, valued at approximately $3,854,741.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.30% of the company’s stock.
Several hedge funds have recently modified their holdings of HAS. Ronna Sue Cohen increased its stake in shares of Hasbro by 8,221.2% during the 1st quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock worth $3,609,000 after purchasing an additional 3,565,801 shares during the last quarter. BlackRock Inc. increased its stake in shares of Hasbro by 13.1% during the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock worth $1,009,635,000 after purchasing an additional 1,106,949 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hasbro by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,129,588 shares of the company’s stock worth $1,493,216,000 after purchasing an additional 533,737 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Hasbro by 88.5% during the 1st quarter. Artisan Partners Limited Partnership now owns 957,518 shares of the company’s stock worth $81,408,000 after purchasing an additional 449,569 shares during the last quarter. Finally, Veritas Investment Management LLP purchased a new stake in shares of Hasbro during the 2nd quarter worth approximately $45,199,000. Institutional investors own 87.11% of the company’s stock.
NASDAQ HAS traded down $1.63 on Wednesday, reaching $114.62. The company had a trading volume of 503,859 shares, compared to its average volume of 1,173,485. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $126.87. The business has a 50 day moving average price of $112.20. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.27. The business had revenue of $984.54 million during the quarter, compared to the consensus estimate of $958.91 million. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. Hasbro’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, equities research analysts forecast that Hasbro will post 4.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.72 annualized dividend and a yield of 2.37%. Hasbro’s dividend payout ratio (DPR) is 70.65%.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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