According to Zacks, “Hasbro’s earnings and revenues have topped the Zacks Consensus Estimate in all the trailing-six quarters despite currency headwinds. The company’s efforts to establish its global presence through strategic partnerships and rapid growth in emerging markets has been driving top-and bottom line performance. Also, various sales boosting and cost saving initiatives along with regular share buybacks and dividend payments bode well. Estimates too have been stable lately ahead of Hasbro’s third quarter earnings release. Notably, the Boys segment has been posting sales growth since the start of 2014. Meanwhile, though the Girls segment marked a turnaround in the first half of 2016 after a dreadful 2015, it remains to be seen if it can sustain its performance. Also, lack of growth at some of Hasbro’s brands is a concern. Further, an increase in costs related to initiatives undertaken to boost business is likely to pressurize profits.”
A number of other research firms have also recently weighed in on HAS. Vetr cut shares of Hasbro from a buy rating to a hold rating and set a $88.94 price objective for the company. in a research report on Monday, June 20th. MKM Partners reiterated a hold rating and set a $84.00 target price on shares of Hasbro in a report on Tuesday, July 12th. Jefferies Group increased their target price on shares of Hasbro from $80.00 to $82.00 and gave the stock a hold rating in a report on Wednesday, July 13th. Piper Jaffray Cos. upgraded shares of Hasbro from a neutral rating to an overweight rating and set a $88.00 target price on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Barclays PLC reduced their target price on shares of Hasbro from $91.00 to $89.00 and set an equal weight rating on the stock in a report on Tuesday, July 19th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Hasbro currently has an average rating of Hold and an average target price of $86.90.
Hasbro (NASDAQ:HAS) opened at 81.45 on Thursday. Hasbro has a 12-month low of $64.91 and a 12-month high of $88.53. The firm has a 50-day moving average of $79.71 and a 200 day moving average of $82.67. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 21.34 and a beta of 1.00.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 17th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.29. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The business earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Hasbro will post $4.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is 53.40%.
Several hedge funds and other institutional investors have recently bought and sold shares of HAS. Vanguard Group Inc. increased its position in shares of Hasbro by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,160,061 shares of the company’s stock valued at $937,333,000 after buying an additional 90,770 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Hasbro by 25.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,031,634 shares of the company’s stock valued at $338,617,000 after buying an additional 808,094 shares during the last quarter. Edge Asset Management Inc. increased its position in shares of Hasbro by 0.4% in the second quarter. Edge Asset Management Inc. now owns 2,535,065 shares of the company’s stock valued at $212,920,000 after buying an additional 9,125 shares during the last quarter. FMR LLC increased its position in shares of Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock valued at $194,644,000 after buying an additional 382,740 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Hasbro by 4.3% in the second quarter. BlackRock Fund Advisors now owns 1,834,194 shares of the company’s stock valued at $154,054,000 after buying an additional 75,410 shares during the last quarter. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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