Hasbro Inc. (NASDAQ:HAS)‘s stock had its “neutral” rating restated by equities research analysts at MKM Partners in a report released on Friday. They presently have a $84.00 price objective on the stock. MKM Partners’ price target would suggest a potential upside of 2.66% from the stock’s previous close.
HAS has been the subject of a number of other research reports. Vetr lowered 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. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Piper Jaffray Cos. raised Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price objective for the company in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Barclays PLC reduced their price objective on Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $82.00 price objective on shares of Hasbro in a research report on Thursday, October 13th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $86.90.
Hasbro (NASDAQ:HAS) opened at 81.82 on Friday. The stock has a market cap of $10.26 billion, a PE ratio of 21.44 and a beta of 1.00. The stock’s 50 day moving average price is $79.71 and its 200-day moving average price is $82.66. Hasbro has a 12 month low of $64.91 and a 12 month high of $88.53.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, October 17th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.29. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The firm earned $1.68 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. Analysts anticipate that Hasbro will post $4.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.49%. Hasbro’s dividend payout ratio (DPR) is currently 53.40%.
Several institutional investors have recently added to or reduced their stakes in the company. Putnam FL Investment Management Co. increased its position in Hasbro by 35.0% in the third quarter. Putnam FL Investment Management Co. now owns 172,770 shares of the company’s stock worth $13,706,000 after buying an additional 44,788 shares during the period. CrestPoint Capital Management LLC bought a new position in Hasbro during the third quarter valued at $373,000. Nisa Investment Advisors LLC increased its position in Hasbro by 111.6% in the third quarter. Nisa Investment Advisors LLC now owns 28,446 shares of the company’s stock valued at $2,257,000 after buying an additional 15,000 shares during the period. Capstone Asset Management Co. increased its position in Hasbro by 8.4% in the third quarter. Capstone Asset Management Co. now owns 16,046 shares of the company’s stock valued at $1,273,000 after buying an additional 1,240 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Hasbro during the third quarter valued at $254,000. Hedge funds and other institutional investors own 76.78% of the company’s stock.
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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