Hasbro (NASDAQ:HAS) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research report sent to investors on Monday.

Other research analysts also recently issued reports about the company. Stifel Nicolaus increased their target price on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research report on Monday. Roth Mkm raised their price target on Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, April 8th. Jefferies Financial Group increased their target price on Hasbro from $58.00 to $61.00 and gave the stock a buy rating in a research note on Friday, March 15th. DA Davidson reiterated a neutral rating and issued a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Finally, TheStreet lowered Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $62.60.

Hasbro Trading Up 0.2 %

Hasbro stock opened at $54.94 on Monday. The firm has a 50 day moving average of $53.30 and a 200 day moving average of $51.20. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of -5.13, a P/E/G ratio of 1.46 and a beta of 0.74. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company earned $1.31 earnings per share. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. As a group, research analysts predict that Hasbro will post 3.25 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.10%. Hasbro’s payout ratio is -26.12%.

Institutional Investors Weigh In On Hasbro

Several hedge funds have recently bought and sold shares of the stock. Foguth Wealth Management LLC. purchased a new stake in Hasbro in the 1st quarter valued at $423,000. AMF Tjanstepension AB purchased a new position in shares of Hasbro during the 1st quarter worth $15,058,000. Cardinal Capital Management grew its holdings in shares of Hasbro by 20.9% during the 1st quarter. Cardinal Capital Management now owns 73,304 shares of the company’s stock worth $4,143,000 after purchasing an additional 12,650 shares during the period. Brookstone Capital Management purchased a new position in shares of Hasbro during the 1st quarter worth $203,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Hasbro during the 1st quarter valued at about $270,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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.