Jefferies Financial Group set a $130.00 price target on Hasbro (NASDAQ:HAS) in a research note issued to investors on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the stock. Jefferies Financial Group also issued estimates for Hasbro’s Q3 2019 earnings at $2.34 EPS, Q4 2019 earnings at $1.68 EPS, FY2019 earnings at $5.01 EPS, Q2 2020 earnings at $0.94 EPS and Q3 2020 earnings at $2.64 EPS.

Other equities research analysts also recently issued research reports about the stock. Barclays increased their target price on shares of Hasbro from $115.00 to $130.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Hasbro from $95.00 to $99.00 and gave the stock a hold rating in a research report on Monday, July 15th. Monness Crespi & Hardt reiterated a buy rating and issued a $127.00 target price (up previously from $109.00) on shares of Hasbro in a research report on Wednesday, July 24th. DA Davidson restated a buy rating on shares of Hasbro in a research note on Friday, August 23rd. Finally, Argus upgraded shares of Hasbro from a hold rating to a buy rating and set a $145.00 price target on the stock in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $122.77.

HAS stock traded up $1.00 during midday trading on Tuesday, reaching $120.64. The company had a trading volume of 1,350 shares, compared to its average volume of 707,211. Hasbro has a 1 year low of $76.84 and a 1 year high of $126.87. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $15.24 billion, a P/E ratio of 31.37, a PEG ratio of 2.29 and a beta of 1.06. The company has a 50 day moving average of $114.14 and a two-hundred day moving average of $101.27.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The company had revenue of $984.54 million during the quarter, compared to the consensus estimate of $958.91 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Hasbro will post 4.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.68 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.72 annualized dividend and a dividend yield of 2.25%. Hasbro’s dividend payout ratio (DPR) is 70.65%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Doyle Wealth Management acquired a new position in shares of Hasbro during the 2nd quarter worth $27,000. SRS Capital Advisors Inc. acquired a new position in Hasbro in the 2nd quarter valued at $30,000. Kempen Capital Management N.V. acquired a new position in Hasbro in the 2nd quarter valued at $33,000. Kavar Capital Partners LLC acquired a new position in Hasbro in the 2nd quarter valued at $37,000. Finally, Glassman Wealth Services grew its stake in Hasbro by 2,106.3% in the 2nd quarter. Glassman Wealth Services now owns 353 shares of the company’s stock valued at $37,000 after buying an additional 337 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Hasbro Company Profile

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.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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