According to Zacks, “Shares of Hasbro have outperformed the industry in a year’s time. Product launches, various sales boosting initiatives and a favorable gaming portfolio bode well for the company. Consistent efforts to establish global presence via strategic partnerships and rapid growth in emerging markets should drive performance. However, both earnings and revenues have been persistently declining due to the liquidation of Toys “R” Us in the United States and the United Kingdom. Unsold inventory in Europe is also hampering the company’s results. Geographically, net revenues from the United States and Canada segment, as well as the International segment have been weak. Rising competition from alternative modes of entertainment might prove detrimental to profits in the months ahead. Estimates for current-quarter and year have witnessed downward revisions over the past 30 days, reflecting analysts’ worry.”
A number of other brokerages have also issued reports on HAS. BMO Capital Markets cut their price target on shares of Hasbro from $76.00 to $75.00 and set an underperform rating on the stock in a report on Tuesday, February 26th. Monness Crespi & Hardt raised shares of Hasbro from a neutral rating to a buy rating and set a $109.00 price target on the stock in a report on Monday, February 11th. Wells Fargo & Co cut their price target on shares of Hasbro from $90.00 to $82.00 and set a market perform rating on the stock in a report on Thursday, March 21st. TheStreet lowered shares of Hasbro from a b- rating to a c rating in a report on Friday, February 8th. Finally, BidaskClub raised shares of Hasbro from a strong sell rating to a sell rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $103.43.
HAS stock opened at $89.68 on Friday. 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 has a 52 week low of $76.84 and a 52 week high of $109.60. The firm has a market cap of $11.03 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last released its earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $2.30 EPS. Hasbro’s revenue for the quarter was down 13.0% on a year-over-year basis. Research analysts expect that Hasbro will post 4.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.03%. This is a boost from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its position in shares of Hasbro by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock worth $1,384,826,000 after purchasing an additional 368,897 shares during the period. BlackRock Inc. lifted its position in shares of Hasbro by 4.5% in the 4th quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock worth $677,935,000 after purchasing an additional 356,569 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hasbro by 6.4% in the 4th quarter. Principal Financial Group Inc. now owns 3,570,661 shares of the company’s stock worth $290,117,000 after purchasing an additional 213,975 shares during the period. Victory Capital Management Inc. lifted its position in shares of Hasbro by 21.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after purchasing an additional 597,909 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Hasbro by 43.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after purchasing an additional 701,535 shares during the period. 89.63% of the stock is owned by hedge funds and other institutional investors.
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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