Hasbro, Inc. (NASDAQ:HAS) Receives $65.73 Average Target Price from Analysts

Hasbro, Inc. (NASDAQ:HAS) has been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $66.36.

A number of analysts have weighed in on HAS shares. Bank of America boosted their price target on Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Jefferies Financial Group boosted their price target on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $60.34 on Friday. The business’s 50-day moving average price is $55.13 and its two-hundred day moving average price is $51.24. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a market capitalization of $8.37 billion, a P/E ratio of -5.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. Analysts anticipate that Hasbro will post 3.55 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.64%. Hasbro’s dividend payout ratio is currently -27.61%.

Institutional Investors Weigh In On Hasbro

Large investors have recently bought and sold shares of the business. Studio Investment Management LLC bought a new stake in Hasbro during the 3rd quarter worth approximately $26,000. Lindbrook Capital LLC grew its position in Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after buying an additional 408 shares during the last quarter. ING Groep NV bought a new position in Hasbro in the 3rd quarter valued at $29,000. Finally, Optiver Holding B.V. bought a new position in Hasbro in the 4th quarter valued at $36,000. 91.83% of the stock is currently owned by institutional investors.

About Hasbro

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.