Hasbro Inc. (NASDAQ:HAS) released its quarterly earnings results on Monday. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.74 by $0.29. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.56 billion. Hasbro had a return on equity of 29.71% and a net margin of 10.42%.

Shares of Hasbro (NASDAQ:HAS) opened at 76.16 on Monday. The company has a 50 day moving average price of $79.70 and a 200-day moving average price of $82.58. Hasbro has a 1-year low of $64.91 and a 1-year high of $88.53. The stock has a market capitalization of $9.55 billion, a P/E ratio of 19.96 and a beta of 1.00.

Earnings History for Hasbro (NASDAQ:HAS)

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be paid a $0.51 dividend. The ex-dividend date is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.68%. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.

A number of institutional investors have recently modified their holdings of the stock. WFG Advisors LP raised its position in shares of Hasbro by 0.4% in the second quarter. WFG Advisors LP now owns 2,543 shares of the company’s stock valued at $214,000 after buying an additional 11 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Hasbro by 4.5% in the second quarter. Thrivent Financial for Lutherans now owns 3,450 shares of the company’s stock valued at $290,000 after buying an additional 150 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Hasbro by 11.8% in the second quarter. Scotia Capital Inc. now owns 2,851 shares of the company’s stock valued at $240,000 after buying an additional 300 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock valued at $173,000 after buying an additional 366 shares in the last quarter. Finally, Cantab Capital Partners LLP raised its position in shares of Hasbro by 4.7% in the second quarter. Cantab Capital Partners LLP now owns 10,171 shares of the company’s stock valued at $854,000 after buying an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

Several research firms have commented on HAS. MKM Partners reaffirmed a “neutral” rating and set a $84.00 price target on shares of Hasbro in a research report on Friday. Jefferies Group reaffirmed a “hold” rating and set a $82.00 price target on shares of Hasbro in a research report on Thursday. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr raised Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price target on the stock in a research report on Monday, September 12th. Finally, Barclays PLC cut their price target on Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Hasbro has an average rating of “Hold” and an average price target of $86.90.

Hasbro Company Profile

Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.

5 Day Chart for NASDAQ:HAS

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