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

Shares of Hasbro, Inc. (NASDAQ:HAS) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $70.55.

HAS has been the subject of several recent research reports. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Stifel Nicolaus raised their price target on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America raised their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Morgan Stanley raised their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th.

Hasbro Stock Up 0.3 %

Shares of NASDAQ:HAS opened at $72.32 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro has a 52-week low of $42.66 and a 52-week high of $72.79. The company has a 50 day moving average of $66.88 and a two-hundred day moving average of $61.59. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of -7.13, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter last year, the company earned $0.49 earnings per share. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, analysts forecast that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Hedge Funds Weigh In On Hasbro

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after buying an additional 3,273,563 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hasbro by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after buying an additional 135,548 shares during the last quarter. Samlyn Capital LLC lifted its stake in Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares during the last quarter. Swedbank AB bought a new stake in Hasbro in the first quarter valued at $82,523,000. Finally, Norges Bank bought a new stake in Hasbro in the fourth quarter valued at $70,544,000. 91.83% of the stock is currently owned by institutional investors.

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.