DA Davidson reaffirmed their buy rating on shares of Hasbro, Inc. (NASDAQ:HAS) in a research note released on Tuesday, May 23rd, MarketBeat reports. They currently have a $118.00 price target on the stock.
Several other analysts also recently issued reports on HAS. B. Riley began coverage on Hasbro in a research report on Sunday, April 9th. They issued a neutral rating and a $111.00 price objective on the stock. Jefferies Group LLC restated a hold rating and issued a $82.00 price objective on shares of Hasbro in a research report on Tuesday, January 31st. Zacks Investment Research lowered Hasbro from a buy rating to a hold rating in a research note on Friday, May 19th. Stifel Nicolaus upped their target price on Hasbro from $81.00 to $90.00 and gave the company a hold rating in a research note on Tuesday, February 7th. Finally, Barclays PLC upped their target price on Hasbro from $87.00 to $95.00 and gave the company an equal weight rating in a research note on Tuesday, February 7th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $105.76.
Shares of Hasbro (NASDAQ HAS) traded up 0.60% during midday trading on Tuesday, reaching $109.64. 1,322,217 shares of the company traded hands. The stock has a 50 day moving average price of $103.67 and a 200 day moving average price of $94.36. The firm has a market capitalization of $13.71 billion, a PE ratio of 24.37 and a beta of 0.87. Hasbro has a 1-year low of $76.14 and a 1-year high of $111.01.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The business had revenue of $849.70 million for the quarter, compared to the consensus estimate of $818.27 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Analysts expect that Hasbro will post $4.92 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, July 28th. Hasbro’s dividend payout ratio is currently 50.67%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Hasbro by 5.4% in the first quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock worth $1,216,486,000 after buying an additional 622,946 shares in the last quarter. BlackRock Inc. increased its position in shares of Hasbro by 1,141.5% in the first quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock worth $916,321,000 after buying an additional 8,440,294 shares in the last quarter. Bank of America Corp DE increased its position in shares of Hasbro by 2.4% in the first quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock worth $546,431,000 after buying an additional 127,849 shares in the last quarter. State Street Corp increased its position in shares of Hasbro by 1.0% in the first quarter. State Street Corp now owns 5,013,445 shares of the company’s stock worth $500,457,000 after buying an additional 49,888 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Hasbro by 38.9% in the third quarter. Capital World Investors now owns 4,893,373 shares of the company’s stock worth $388,191,000 after buying an additional 1,371,500 shares in the last quarter. 79.31% of the stock is owned by hedge funds and other institutional investors.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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