Hasbro’s (HAS) Hold Rating Reaffirmed at Jefferies Group
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Hasbro from a buy rating to a hold rating in a research report on Thursday. Vetr raised shares of Hasbro from a hold rating to a buy rating and set a $85.90 target price for the company in a research report on Monday, September 12th. Barclays PLC lowered their price target 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. Piper Jaffray Cos. raised shares of Hasbro from a neutral rating to an overweight rating and set a $88.00 price target for the company in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, MKM Partners reissued a hold rating and set a $84.00 price target on shares of Hasbro in a research report on Tuesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Hasbro presently has a consensus rating of Hold and a consensus target price of $86.90.
Shares of Hasbro (NASDAQ:HAS) traded up 1.20% during midday trading on Thursday, reaching $77.54. 338,220 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $79.83 and a 200-day moving average of $82.60. The stock has a market capitalization of $9.72 billion, a P/E ratio of 20.32 and a beta of 1.00. 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 $4.04 EPS for the current fiscal year.
The business 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 is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.66%. Hasbro’s dividend payout ratio is presently 53.40%.
Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Hasbro during the second quarter valued at about $115,000. Mizuho Asset Management Co. Ltd. raised its stake in shares of Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock valued at $124,000 after buying an additional 645 shares during the period. Global X Management Co. LLC raised its stake in shares of Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock valued at $131,000 after buying an additional 1,235 shares during the period. Pacer Advisors Inc. raised its stake in shares of Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock valued at $173,000 after buying an additional 366 shares during the period. Finally, National Asset Management Inc. acquired a new stake in shares of Hasbro during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 76.79% of the company’s stock.
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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