BidaskClub cut shares of Hasbro (NASDAQ:HAS) from a sell rating to a strong sell rating in a research note issued to investors on Monday, February 25th.
Other research analysts have also recently issued reports about the company. Monness Crespi & Hardt raised Hasbro from a neutral rating to a buy rating and set a $109.00 price objective on the stock in a research note on Monday, February 11th. Zacks Investment Research upgraded shares of Hasbro from a sell rating to a hold rating in a report on Thursday, January 3rd. TheStreet lowered shares of Hasbro from a b- rating to a c rating in a report on Friday, February 8th. Citigroup lowered their price objective on shares of Hasbro from $116.00 to $114.00 and set a buy rating for the company in a report on Tuesday, October 30th. Finally, MKM Partners lowered their price objective on shares of Hasbro to $102.00 and set a buy rating for the company in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $102.67.
HAS traded down $1.46 during midday trading on Monday, reaching $83.51. 1,100,570 shares of the company were exchanged, compared to its average volume of 1,106,792. The firm has a market capitalization of $10.69 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.65 and a beta of 0.91. Hasbro has a one year low of $76.84 and a one year high of $109.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.07 and a current ratio of 2.42.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the business posted $2.30 EPS. On average, equities analysts forecast that Hasbro will post 4.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.26%. This is an increase from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently 65.45%.
A number of hedge funds have recently modified their holdings of HAS. Capital Research Global Investors grew its stake in Hasbro by 31.6% in the 3rd quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after acquiring an additional 3,356,518 shares in the last quarter. Jackson Square Partners LLC lifted its position in shares of Hasbro by 203.6% in the 3rd quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock worth $423,659,000 after purchasing an additional 2,702,931 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Hasbro by 7,213.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after purchasing an additional 2,115,671 shares during the period. Norges Bank purchased a new stake in shares of Hasbro in the 4th quarter worth approximately $92,891,000. Finally, Capital International Investors purchased a new stake in shares of Hasbro in the 3rd quarter worth approximately $106,820,000. Institutional investors and hedge funds own 88.20% 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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