Hasbro (NASDAQ:HAS) Earns “Neutral” Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Hasbro (NASDAQ:HAS) in a research report report published on Tuesday, Benzinga reports. DA Davidson currently has a $52.00 price objective on the stock.

A number of other equities analysts have also recently commented on the stock. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Jefferies Financial Group lifted their price objective on shares of Hasbro from $58.00 to $61.00 and gave the stock a buy rating in a research report on Friday, March 15th. Stifel Nicolaus reaffirmed a buy rating and set a $64.00 price objective on shares of Hasbro in a research report on Wednesday, March 13th. Finally, StockNews.com raised shares of Hasbro from a sell rating to a hold rating in a research report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $61.10.

Hasbro Price Performance

NASDAQ:HAS opened at $56.52 on Tuesday. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The firm has a fifty day simple moving average of $51.20 and a 200 day simple moving average of $52.30. The stock has a market capitalization of $7.84 billion, a PE ratio of -5.27, a P/E/G ratio of 1.46 and a beta of 0.73.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $1.31 earnings per share. Hasbro’s quarterly revenue was down 23.2% compared to the same quarter last year. On average, research analysts expect that Hasbro will post 3.23 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -26.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Worth Asset Management LLC acquired a new position in Hasbro in the first quarter valued at about $27,000. Carolinas Wealth Consulting LLC grew its position in Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. Power Corp of Canada bought a new position in Hasbro in the first quarter valued at about $29,000. Studio Investment Management LLC bought a new position in Hasbro in the third quarter valued at about $26,000. Finally, ING Groep NV bought a new position in Hasbro in the third quarter valued at about $29,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.