Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at DA Davidson issued their Q1 2020 earnings per share estimates for shares of Hasbro in a research note issued on Wednesday, February 12th. DA Davidson analyst L. Weiser forecasts that the company will earn $0.12 per share for the quarter. DA Davidson also issued estimates for Hasbro’s FY2021 earnings at $5.57 EPS.
Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 11th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.35. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Hasbro had a return on equity of 30.40% and a net margin of 5.59%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS.
HAS has been the topic of a number of other research reports. SunTrust Banks dropped their price objective on Hasbro from $118.00 to $102.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. initiated coverage on Hasbro in a report on Monday, January 27th. They set a “neutral” rating and a $113.00 target price on the stock. Wells Fargo & Co boosted their target price on Hasbro from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, KeyCorp decreased their target price on Hasbro from $135.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Hasbro has a consensus rating of “Buy” and a consensus price target of $118.25.
Shares of Hasbro stock opened at $98.20 on Thursday. Hasbro has a 12-month low of $82.87 and a 12-month high of $126.87. The stock has a market cap of $12.74 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.76 and a beta of 1.06. The company has a quick ratio of 1.93, a current ratio of 2.33 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $103.75 and its 200-day moving average is $107.69.
Institutional investors have recently bought and sold shares of the business. Columbus Circle Investors acquired a new stake in Hasbro in the third quarter valued at approximately $10,346,000. Veritas Investment Management LLP grew its stake in Hasbro by 2.4% in the third quarter. Veritas Investment Management LLP now owns 437,880 shares of the company’s stock valued at $51,981,000 after acquiring an additional 10,065 shares during the period. Wakefield Asset Management LLLP acquired a new stake in Hasbro in the third quarter valued at approximately $1,195,000. Portland Global Advisors LLC grew its stake in Hasbro by 11.0% in the fourth quarter. Portland Global Advisors LLC now owns 39,181 shares of the company’s stock valued at $4,138,000 after acquiring an additional 3,880 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Hasbro by 8.8% in the third quarter. Parametric Portfolio Associates LLC now owns 309,531 shares of the company’s stock valued at $36,738,000 after acquiring an additional 25,069 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.
In related news, EVP Stephen J. Davis sold 13,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $105.06, for a total transaction of $1,365,780.00. Following the completion of the sale, the executive vice president now directly owns 52,238 shares in the company, valued at approximately $5,488,124.28. The sale was disclosed in a filing with the SEC, which is available through this link. 9.30% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.72 annualized dividend and a dividend yield of 2.77%. Hasbro’s dividend payout ratio is currently 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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