Hasbro, Inc. Plans Quarterly Dividend of $0.70 (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.70 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st.

Hasbro has raised its dividend by an average of 0.0%annually over the last three years. Hasbro has a payout ratio of 60.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hasbro to earn $6.30 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 44.4%.

Hasbro Trading Down 8.8%

HAS stock traded down $8.58 during midday trading on Wednesday, reaching $88.60. The company’s stock had a trading volume of 5,637,269 shares, compared to its average volume of 1,914,662. Hasbro has a 52 week low of $64.74 and a 52 week high of $106.98. The stock has a market cap of $12.54 billion, a PE ratio of -37.70, a price-to-earnings-growth ratio of 2.74 and a beta of 0.52. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The business’s 50-day simple moving average is $93.48 and its 200-day simple moving average is $89.23.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 172.27%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. As a group, sell-side analysts expect that Hasbro will post 5.8 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HAS. Roth Mkm set a $120.00 price target on shares of Hasbro in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Citigroup lifted their price target on shares of Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 14th. Finally, UBS Group lifted their price target on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.