Hasbro Inc. (NASDAQ:HAS) has earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $86.63.
HAS has been the subject of several research analyst reports. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barclays PLC dropped their target price on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $89.80 target price for the company in a research report on Monday, June 13th. Piper Jaffray Cos. cut shares of Hasbro from an “overweight” rating to a “neutral” rating and set a $88.00 target price for the company. in a research report on Thursday, May 26th. They noted that the move was a valuation call. Finally, MKM Partners reaffirmed a “hold” rating and issued a $84.00 target price on shares of Hasbro in a research report on Tuesday, July 12th.
Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Hasbro during the fourth quarter worth approximately $76,832,000. BlackRock Institutional Trust Company N.A. raised its stake 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 worth $338,617,000 after buying an additional 808,094 shares in the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new stake in shares of Hasbro during the second quarter worth approximately $33,896,000. FMR LLC raised its stake in shares of Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock worth $194,644,000 after buying an additional 382,740 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Hasbro by 464.3% in the second quarter. First Trust Advisors LP now owns 458,770 shares of the company’s stock worth $38,532,000 after buying an additional 377,471 shares in the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.
Shares of Hasbro (NASDAQ:HAS) traded up 1.25% during midday trading on Friday, reaching $80.39. 357,101 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.08 billion, a P/E ratio of 21.07 and a beta of 1.11. The firm has a 50-day moving average of $80.71 and a 200-day moving average of $82.49. Hasbro has a 12-month low of $64.91 and a 12-month high of $88.53.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, topping 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 earned $878.90 million during the quarter, compared to analysts’ expectations of $858.97 million. During the same period last year, the company posted $0.33 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that Hasbro will post $4.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a yield of 2.57%. Hasbro’s dividend payout ratio is currently 53.40%.
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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