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.”
Other research analysts have also issued research reports about the stock. Vetr lowered shares of Hasbro from a buy rating to a hold rating and set a $88.94 price target on the stock. in a report on Monday, June 20th. MKM Partners reiterated a hold rating and set a $84.00 price objective on shares of Hasbro in a research note on Tuesday, July 12th. Piper Jaffray Cos. upgraded shares of Hasbro from a neutral rating to an overweight rating and set a $88.00 price objective on the stock in a research note on Tuesday, July 19th. They noted that the move was a valuation call. Barclays PLC dropped their price objective on shares of Hasbro from $91.00 to $89.00 and set an equal weight rating on the stock in a research note on Tuesday, July 19th. Finally, Citigroup Inc. lifted their price objective on shares of Hasbro from $85.00 to $98.00 and gave the company a buy rating in a research note on Monday, June 6th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hasbro has a consensus rating of Hold and an average target price of $86.41.
Shares of Hasbro (NASDAQ:HAS) opened at 78.97 on Monday. Hasbro has a 52-week low of $64.91 and a 52-week high of $88.53. The stock has a market cap of $9.90 billion, a P/E ratio of 20.69 and a beta of 1.11. The company has a 50-day moving average of $80.75 and a 200 day moving average of $82.52.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The firm had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. During the same quarter last year, the firm posted $0.33 earnings per share. Hasbro’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post $4.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio is presently 53.40%.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Hasbro during the second quarter worth approximately $115,000. Mizuho Asset Management Co. Ltd. boosted its stake in Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock worth $124,000 after buying an additional 645 shares during the last quarter. Global X Management Co. LLC boosted its stake in Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock worth $131,000 after buying an additional 1,235 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock worth $173,000 after buying an additional 366 shares during the last quarter. Finally, National Asset Management Inc. bought a new stake in Hasbro during the second quarter worth about $203,000. 76.78% of the stock is 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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