Jefferies Group LLC reaffirmed their buy rating on shares of Hasbro, Inc. (NASDAQ:HAS) in a research note issued to investors on Friday. They currently have a $125.00 price target on the stock.
Other analysts also recently issued reports about the stock. B. Riley began coverage on shares of Hasbro in a report on Monday, April 3rd. They issued a neutral rating and a $111.00 price target on the stock. Barclays PLC reduced their target price on shares of Hasbro from $109.00 to $95.00 and set an equal weight rating on the stock in a report on Wednesday, April 26th. Stifel Nicolaus restated a hold rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a report on Tuesday, April 25th. Zacks Investment Research downgraded shares of Hasbro from a buy rating to a hold rating in a report on Friday, May 19th. Finally, BidaskClub upgraded shares of Hasbro from a buy rating to a strong-buy rating in a report on Thursday, June 22nd. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $106.40.
Shares of Hasbro (HAS) traded up 0.91% on Friday, reaching $115.95. 1,321,097 shares of the company traded hands. Hasbro has a 1-year low of $76.14 and a 1-year high of $116.20. The firm has a market capitalization of $14.49 billion, a P/E ratio of 25.77 and a beta of 0.92. The stock has a 50-day moving average price of $110.70 and a 200 day moving average price of $99.26.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $849.70 million for the quarter, compared to the consensus estimate of $818.27 million. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. Hasbro’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Analysts anticipate that Hasbro will post $4.94 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.97%. Hasbro’s dividend payout ratio is presently 50.67%.
Several institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. boosted its position in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares in the last quarter. TrimTabs Asset Management LLC purchased a new position in Hasbro during the first quarter worth approximately $119,000. Finally, Meeder Asset Management Inc. purchased a new position in Hasbro during the first quarter worth approximately $131,000. 78.61% of the stock is owned by hedge funds and other institutional investors.
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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