Hasbro, Inc. (NASDAQ:HAS) Receives $113.14 Consensus PT from Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $113.1429.

A number of research firms have weighed in on HAS. JPMorgan Chase & Co. increased their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Argus set a $105.00 price target on Hasbro in a research report on Friday, March 13th. BNP Paribas Exane increased their price target on Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley increased their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th.

Hasbro Stock Performance

HAS stock opened at $83.47 on Thursday. 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 fifty day simple moving average is $90.72 and its two-hundred day simple moving average is $90.34. Hasbro has a twelve month low of $67.11 and a twelve month high of $106.98. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of -50.28, a PEG ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last released its 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. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the firm posted $1.04 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. Analysts predict that Hasbro will post 6.01 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Hasbro’s dividend payout ratio is presently -168.67%.

Hedge Funds Weigh In On Hasbro

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of Hasbro by 102.2% during the first quarter. NewEdge Advisors LLC now owns 68,498 shares of the company’s stock valued at $6,411,000 after buying an additional 34,623 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Hasbro during the first quarter worth about $892,000. Oddo BHF Asset Management Sas lifted its holdings in shares of Hasbro by 3.0% during the first quarter. Oddo BHF Asset Management Sas now owns 14,519 shares of the company’s stock worth $1,359,000 after purchasing an additional 428 shares during the period. Bull Harbor Capital LLC acquired a new stake in shares of Hasbro during the first quarter worth about $986,000. Finally, Smith Group Asset Management LLC lifted its holdings in Hasbro by 7.2% in the first quarter. Smith Group Asset Management LLC now owns 545,638 shares of the company’s stock valued at $51,072,000 after acquiring an additional 36,852 shares during the period. Institutional investors own 91.83% of the company’s stock.

About Hasbro

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.