A number of firms have modified their ratings and price targets on shares of Hasbro (NASDAQ: HAS) recently:
- 2/11/2020 – Hasbro was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 1/29/2020 – Hasbro was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
- 1/29/2020 – Hasbro is now covered by analysts at Bank of America Corp. They set a “neutral” rating and a $117.00 price target on the stock.
- 1/27/2020 – Hasbro is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $113.00 price target on the stock.
- 1/18/2020 – Hasbro was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 1/15/2020 – Hasbro had its price target raised by analysts at Wells Fargo & Co from $100.00 to $105.00. They now have an “equal weight” rating on the stock.
- 1/14/2020 – Hasbro had its price target raised by analysts at MKM Partners from $118.00 to $125.00. They now have a “buy” rating on the stock.
Shares of NASDAQ HAS traded up $0.71 during trading on Friday, reaching $97.70. The company had a trading volume of 46,623 shares, compared to its average volume of 1,201,481. Hasbro, Inc. has a 52 week low of $82.87 and a 52 week high of $126.87. The business’s 50 day moving average price is $103.58 and its 200-day moving average price is $107.56. The stock has a market cap of $12.74 billion, a PE ratio of 47.43, a PEG ratio of 1.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.93 and a current ratio of 2.33.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.35. Hasbro had a net margin of 5.59% and a return on equity of 30.40%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company posted $1.33 EPS. Hasbro’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 3.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.68 dividend. The ex-dividend date is Thursday, April 30th. This represents a $2.72 annualized dividend and a dividend yield of 2.78%. Hasbro’s dividend payout ratio (DPR) is currently 70.65%.
In other news, EVP Stephen J. Davis sold 13,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $105.06, for a total transaction of $1,365,780.00. Following the completion of the sale, the executive vice president now owns 52,238 shares in the company, valued at $5,488,124.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HAS. FMR LLC grew its holdings in shares of Hasbro by 3.2% in the 1st quarter. FMR LLC now owns 60,034 shares of the company’s stock valued at $5,104,000 after buying an additional 1,884 shares during the period. BlackRock Inc. lifted its holdings in Hasbro by 13.1% during the second quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock worth $1,009,635,000 after acquiring an additional 1,106,949 shares in the last quarter. Reilly Financial Advisors LLC lifted its holdings in Hasbro by 238.1% during the third quarter. Reilly Financial Advisors LLC now owns 710 shares of the company’s stock worth $84,000 after acquiring an additional 500 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Hasbro by 4.8% in the third quarter. Wealthfront Advisers LLC now owns 2,775 shares of the company’s stock valued at $329,000 after acquiring an additional 127 shares during the period. Finally, DNB Asset Management AS grew its stake in Hasbro by 1.2% in the third quarter. DNB Asset Management AS now owns 28,128 shares of the company’s stock valued at $3,339,000 after acquiring an additional 329 shares during the period. Institutional investors own 85.23% of the company’s stock.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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