BidaskClub cut shares of Hasbro (NASDAQ:HAS) from a hold rating to a sell rating in a research note released on Tuesday.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Hasbro from a hold rating to a sell rating in a research note on Wednesday, January 10th. Goldman Sachs Group reiterated a buy rating and issued a $118.00 price objective on shares of Hasbro in a research note on Monday, October 2nd. Stifel Nicolaus reduced their price objective on Hasbro from $104.00 to $100.00 and set a hold rating for the company in a research note on Tuesday, October 24th. B. Riley began coverage on Hasbro in a research note on Thursday, December 21st. They issued a buy rating and a $108.00 price objective for the company. Finally, Jefferies Group reiterated a buy rating and issued a $125.00 price objective on shares of Hasbro in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $105.81.
Shares of Hasbro (NASDAQ:HAS) traded up $2.04 on Tuesday, reaching $92.56. The company had a trading volume of 1,860,299 shares, compared to its average volume of 1,300,000. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. The firm has a market capitalization of $11,790.00, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. Hasbro has a 52-week low of $80.22 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Hasbro will post 5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently 48.61%.
A number of large investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC raised its position in Hasbro by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares in the last quarter. Cypress Capital Group raised its position in Hasbro by 2.5% in the second quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock worth $249,000 after acquiring an additional 55 shares in the last quarter. HighTower Advisors LLC raised its position in Hasbro by 0.3% in the second quarter. HighTower Advisors LLC now owns 23,782 shares of the company’s stock worth $2,640,000 after acquiring an additional 62 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Hasbro by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock worth $475,000 after acquiring an additional 140 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Hasbro by 3.0% in the second quarter. Nordea Investment Management AB now owns 5,008 shares of the company’s stock worth $558,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.
Hasbro Company Profile
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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