Hasbro Inc. (HAS) Receives “Neutral” Rating from MKM Partners
A number of other brokerages also recently issued reports on HAS. Vetr downgraded Hasbro from a buy rating to a hold rating and set a $85.90 price objective for the company. in a research note on Monday, September 5th. Zacks Investment Research raised Hasbro from a hold rating to a buy rating and set a $87.00 price target on the stock in a research report on Monday, September 19th. Jefferies Group upped their price target on Hasbro from $80.00 to $82.00 and gave the company a hold rating in a research report on Wednesday, July 13th. Barclays PLC dropped their price objective on Hasbro from $91.00 to $89.00 and set an equal weight rating on the stock in a report on Tuesday, July 19th. Finally, Piper Jaffray Cos. raised Hasbro from a neutral rating to an overweight rating and set a $88.00 price objective on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $86.90.
Shares of Hasbro (NASDAQ:HAS) traded up 7.38% during midday trading on Friday, reaching $81.78. The company’s stock had a trading volume of 3,750,847 shares. The stock has a market cap of $10.26 billion, a PE ratio of 21.43 and a beta of 1.00. The firm has a 50-day moving average of $79.70 and a 200-day moving average of $82.58. Hasbro has a one year low of $64.91 and a one year high of $88.53.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 17th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.29. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. Hasbro’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts forecast that Hasbro will post $4.04 EPS for the current year.
The company also recently disclosed 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 of this dividend is Friday, October 28th. This represents a $2.04 annualized dividend and a yield of 2.68%. Hasbro’s dividend payout ratio (DPR) is currently 53.40%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in Hasbro during the second quarter worth $115,000. Mizuho Asset Management Co. Ltd. raised its stake in shares of Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock valued at $124,000 after buying an additional 645 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock valued at $131,000 after buying an additional 1,235 shares in the last quarter. Pacer Advisors Inc. raised its stake 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, National Asset Management Inc. acquired a new stake in shares of Hasbro during the second quarter valued at approximately $203,000. 76.78% of the stock is currently owned by institutional investors.
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.
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