Hasbro (NASDAQ:HAS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hasbro (NASDAQ:HAS) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. decreased their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. BNP Paribas Exane restated an “outperform” rating and set a $127.00 target price (up from $116.00) on shares of Hasbro in a report on Wednesday, October 21st. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research report on Wednesday, October 21st. Finally, Bank of America decreased their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.93.

Hasbro Trading Down 0.6%

Shares of HAS opened at $118.36 on Friday. The business’s 50-day moving average price is $96.87 and its 200 day moving average price is $92.52. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $16.69 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.54 and a beta of 0.45. Hasbro has a 1-year low of $74.78 and a 1-year high of $121.04.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $1.04. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.48 billion. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. Analysts expect that Hasbro will post 6.69 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.4%. Hasbro’s dividend payout ratio (DPR) is presently 41.85%.

Insider Transactions at Hasbro

In other news, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the sale, the director owned 9,896 shares in the company, valued at $918,744.64. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Holly Barbacovi sold 5,057 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the transaction, the insider owned 37,486 shares in the company, valued at approximately $3,531,181.20. This trade represents a 11.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.71% of the company’s stock.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in shares of Hasbro by 104.5% in the 2nd quarter. Hsbc Holdings PLC now owns 798,597 shares of the company’s stock valued at $66,071,000 after purchasing an additional 408,015 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Hasbro during the 2nd quarter valued at $758,000. NewEdge Advisors LLC lifted its position in shares of Hasbro by 621.3% in the 2nd quarter. NewEdge Advisors LLC now owns 494,060 shares of the company’s stock worth $40,804,000 after purchasing an additional 425,562 shares during the period. Corient Private Wealth LP lifted its position in shares of Hasbro by 48.2% in the 2nd quarter. Corient Private Wealth LP now owns 36,521 shares of the company’s stock worth $3,016,000 after purchasing an additional 11,873 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Hasbro by 24.5% during the 1st quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock valued at $14,683,000 after purchasing an additional 30,825 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.