Hasbro (NASDAQ:HAS) Stock Price Expected to Rise, Roth Mkm Analyst Says

Hasbro (NASDAQ:HAS) had its price objective raised by Roth Mkm from $68.00 to $82.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the company. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Hasbro Price Performance

Hasbro stock opened at $67.56 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market cap of $9.42 billion, a price-to-earnings ratio of -14.56, a PEG ratio of 0.53 and a beta of 0.64. Hasbro has a 1 year low of $48.63 and a 1 year high of $73.46. The firm has a 50 day moving average price of $58.31 and a 200 day moving average price of $64.17.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Sell-side analysts predict that Hasbro will post 3.88 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.14%. Hasbro’s payout ratio is currently -60.34%.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Hasbro

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Hasbro by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after acquiring an additional 404,527 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock valued at $188,269,000 after purchasing an additional 59,794 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock worth $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. grew its stake in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after purchasing an additional 701,660 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after buying an additional 2,779,877 shares during the last quarter. 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.