Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at B. Riley lowered their Q4 2018 earnings estimates for Hasbro in a report issued on Wednesday, October 17th. B. Riley analyst S. Anderson now anticipates that the company will post earnings per share of $1.88 for the quarter, down from their prior forecast of $1.91. B. Riley currently has a “Buy” rating and a $114.00 target price on the stock.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 23rd. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.19. Hasbro had a net margin of 4.15% and a return on equity of 35.34%. The firm had revenue of $904.50 million for the quarter, compared to analysts’ expectations of $839.29 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis.

A number of other research firms have also recently commented on HAS. KeyCorp raised their target price on shares of Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 15th. BidaskClub upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Saturday, October 13th. Stifel Nicolaus raised their target price on shares of Hasbro from $100.00 to $106.00 and gave the stock a “hold” rating in a research note on Friday, October 5th. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, MKM Partners upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the stock from $92.00 to $115.00 in a research note on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $107.47.

Shares of NASDAQ:HAS opened at $98.04 on Thursday. Hasbro has a twelve month low of $79.00 and a twelve month high of $109.60. The company has a current ratio of 2.69, a quick ratio of 2.11 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $12.81 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.83 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, October 31st. Hasbro’s dividend payout ratio (DPR) is currently 46.15%.

In other Hasbro news, SVP Tarrant L. Sibley sold 1,525 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total transaction of $152,500.00. Following the completion of the sale, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Deborah Thomas sold 19,683 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $100.83, for a total transaction of $1,984,636.89. Following the sale, the chief financial officer now directly owns 97,083 shares of the company’s stock, valued at $9,788,878.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,645 shares of company stock valued at $10,796,944. Insiders own 9.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. McKinley Carter Wealth Services Inc. purchased a new position in shares of Hasbro in the first quarter valued at $136,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Hasbro in the second quarter valued at $136,000. Cerebellum GP LLC purchased a new position in shares of Hasbro in the second quarter valued at $165,000. CenterStar Asset Management LLC grew its holdings in shares of Hasbro by 98.7% in the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock valued at $183,000 after purchasing an additional 987 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of Hasbro in the first quarter valued at $206,000. 80.07% of the stock is owned by institutional investors and hedge funds.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

See Also: Earnings Reports

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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