Hasbro’s (HAS) “Neutral” Rating Reiterated at DA Davidson

DA Davidson restated their neutral rating on shares of Hasbro (NASDAQ:HAS) in a research note released on Tuesday morning, Benzinga reports. DA Davidson currently has a $52.00 price target on the stock.

HAS has been the topic of a number of other research reports. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. StockNews.com raised shares of Hasbro from a sell rating to a hold rating in a research note on Monday, March 18th. Stifel Nicolaus reissued a buy rating and set a $64.00 target price on shares of Hasbro in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group raised their target price on shares of Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research note on Friday, March 15th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $61.10.

Hasbro Stock Up 0.1 %

HAS stock opened at $56.52 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The firm’s 50-day simple moving average is $51.20 and its 200 day simple moving average is $52.30. The stock has a market cap of $7.84 billion, a PE ratio of -5.27, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $1.31 EPS. The firm’s revenue was down 23.2% on a year-over-year basis. As a group, sell-side analysts predict that Hasbro will post 3.23 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is -26.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Hasbro by 37.1% during the first quarter. American Century Companies Inc. now owns 10,385 shares of the company’s stock worth $851,000 after purchasing an additional 2,810 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Hasbro by 14.2% during the first quarter. Private Advisor Group LLC now owns 6,850 shares of the company’s stock worth $562,000 after purchasing an additional 850 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Hasbro by 23.0% during the first quarter. MetLife Investment Management LLC now owns 35,245 shares of the company’s stock worth $2,887,000 after purchasing an additional 6,597 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Hasbro by 61.8% during the first quarter. Panagora Asset Management Inc. now owns 18,140 shares of the company’s stock worth $1,486,000 after purchasing an additional 6,927 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Hasbro by 2.5% during the first quarter. Rhumbline Advisers now owns 210,792 shares of the company’s stock worth $17,268,000 after purchasing an additional 5,054 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.