Hasbro, Inc. (NASDAQ:HAS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $109.0714.

A number of research firms have recently weighed in on HAS. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Hasbro in a research note on Monday, July 27th. Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. BNP Paribas Exane dropped their price target on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Jefferies Financial Group cut their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, Citigroup reiterated a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd.

Insider Buying and Selling at Hasbro

In related news, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider owned 67,557 shares of the company’s stock, valued at $6,330,766.47. This represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,451 shares of company stock worth $3,987,379. Insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently made changes to their positions in HAS. Vanguard Group Inc. boosted its holdings in shares of Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after purchasing an additional 453,038 shares during the period. State Street Corp increased its position in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after acquiring an additional 131,678 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after purchasing an additional 1,399,499 shares during the period. Geode Capital Management LLC grew its stake in Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after purchasing an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after purchasing an additional 651,790 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

NASDAQ HAS opened at $91.69 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro has a 12 month low of $69.50 and a 12 month high of $106.98. The company’s 50 day moving average is $84.78 and its two-hundred day moving average is $90.78. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.67 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. Hasbro’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. As a group, research analysts anticipate that Hasbro will post 6.13 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is presently 50.36%.

Hasbro Company Profile

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.