Hasbro (NASDAQ:HAS) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research report report published on Monday morning.

Several other research firms also recently commented on HAS. JPMorgan Chase & Co. lifted their price objective on Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Roth Mkm boosted their price objective on shares of Hasbro from $60.00 to $65.00 and gave the company a buy rating in a report on Monday, April 8th. Stifel Nicolaus raised their target price on shares of Hasbro from $64.00 to $67.00 and gave the stock a buy rating in a report on Monday. Finally, Jefferies Financial Group boosted their target price on shares of Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research note on Friday, March 15th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $61.90.

Hasbro Price Performance

Shares of HAS opened at $54.82 on Monday. The company has a market capitalization of $7.61 billion, a P/E ratio of -5.11, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The firm has a 50 day moving average of $53.21 and a 200 day moving average of $51.18.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business posted $1.31 EPS. The firm’s revenue for the quarter was down 23.2% on a year-over-year basis. As a group, equities research analysts anticipate that Hasbro will post 3.24 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a yield of 5.11%. Hasbro’s payout ratio is presently -26.12%.

Hedge Funds Weigh In On Hasbro

A number of institutional investors have recently bought and sold shares of the stock. Foguth Wealth Management LLC. bought a new position in shares of Hasbro during the 1st quarter valued at approximately $423,000. AMF Tjanstepension AB purchased a new position in Hasbro during the first quarter valued at approximately $15,058,000. Cardinal Capital Management boosted its position in shares of Hasbro by 20.9% in the first quarter. Cardinal Capital Management now owns 73,304 shares of the company’s stock worth $4,143,000 after purchasing an additional 12,650 shares during the period. Brookstone Capital Management purchased a new stake in shares of Hasbro in the first quarter worth $203,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Hasbro in the first quarter worth $270,000. 91.83% of the stock is owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.