Hasbro (NASDAQ:HAS) Hits New 52-Week High – Should You Buy?

Hasbro, Inc. (NASDAQ:HAS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $85.62 and last traded at $85.3110, with a volume of 278878 shares trading hands. The stock had previously closed at $82.97.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Monness Crespi & Hardt increased their target price on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Bank of America boosted their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $92.25.

Hasbro Stock Performance

The company has a market cap of $12.21 billion, a PE ratio of -21.70, a PEG ratio of 1.53 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The firm’s 50 day moving average is $80.38 and its 200-day moving average is $78.01.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.73 EPS. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.2%. Hasbro’s payout ratio is -69.83%.

Insider Transactions at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This trade represents a 18.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hasbro

Large investors have recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Hasbro in the fourth quarter valued at approximately $317,000. Trexquant Investment LP acquired a new position in shares of Hasbro in the first quarter worth $302,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Hasbro by 5.9% during the first quarter. UniSuper Management Pty Ltd now owns 26,845 shares of the company’s stock worth $1,651,000 after acquiring an additional 1,500 shares during the period. Finally, Dean Capital Management raised its stake in shares of Hasbro by 37.5% in the first quarter. Dean Capital Management now owns 20,826 shares of the company’s stock valued at $1,281,000 after acquiring an additional 5,683 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.