Hasbro, Inc. (HAS) Receives $110.08 Consensus Target Price from Analysts
Shares of Hasbro, Inc. (NASDAQ:HAS) have earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $110.08.
HAS has been the topic of several recent analyst reports. DA Davidson set a $124.00 price target on shares of Hasbro and gave the stock a “buy” rating in a research note on Tuesday, November 14th. UBS Group set a $104.00 price target on shares of Hasbro and gave the stock a “hold” rating in a research note on Monday, November 13th. Zacks Investment Research raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $83.00 price target on shares of Hasbro in a research note on Monday, November 27th. Finally, BidaskClub downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th.
In other Hasbro news, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.33, for a total transaction of $577,980.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Goldner sold 308,164 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the transaction, the chief executive officer now owns 101,134 shares in the company, valued at $9,806,963.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 394,435 shares of company stock worth $38,337,975. 11.00% of the stock is owned by company insiders.
Hasbro (NASDAQ:HAS) traded up $1.25 during mid-day trading on Wednesday, reaching $95.65. 887,065 shares of the company traded hands, compared to its average volume of 1,967,972. The stock has a market cap of $11,722.38, a P/E ratio of 30.66, a PEG ratio of 1.50 and a beta of 0.82. Hasbro has a 52 week low of $87.92 and a 52 week high of $116.20. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.48. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. analysts predict that Hasbro will post 5.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.63%. This is a boost from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, April 30th. Hasbro’s dividend payout ratio is presently 73.08%.
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Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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