Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at DA Davidson lifted their Q3 2018 earnings estimates for Hasbro in a research report issued to clients and investors on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will earn $2.61 per share for the quarter, up from their prior estimate of $2.29. DA Davidson currently has a “Buy” rating and a $124.00 target price on the stock.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The business’s revenue was down 1.8% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. KeyCorp reiterated a “buy” rating and issued a $105.00 price objective on shares of Hasbro in a research note on Tuesday, October 24th. B. Riley began coverage on shares of Hasbro in a research note on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective for the company. Barclays restated an “equal weight” rating on shares of Hasbro in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Hasbro presently has an average rating of “Hold” and a consensus price target of $109.87.

Shares of Hasbro (HAS) traded down $1.07 during trading on Monday, reaching $95.56. 1,987,900 shares of the company’s stock traded hands, compared to its average volume of 1,894,119. Hasbro has a twelve month low of $87.92 and a twelve month high of $116.20. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. The firm has a market cap of $12,035.81, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.64%. Hasbro’s payout ratio is presently 73.08%.

Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in Hasbro by 160.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after purchasing an additional 1,145,999 shares in the last quarter. Schroder Investment Management Group grew its holdings in Hasbro by 1,065.5% during the 4th quarter. Schroder Investment Management Group now owns 1,060,823 shares of the company’s stock worth $96,418,000 after acquiring an additional 969,806 shares during the last quarter. Boston Partners grew its holdings in Hasbro by 111.8% during the 3rd quarter. Boston Partners now owns 1,259,062 shares of the company’s stock worth $122,973,000 after acquiring an additional 664,474 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Hasbro by 517.6% during the 4th quarter. Renaissance Technologies LLC now owns 752,805 shares of the company’s stock worth $68,422,000 after acquiring an additional 630,905 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Hasbro by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after acquiring an additional 426,136 shares during the last quarter. Institutional investors own 79.86% of the company’s stock.

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About Hasbro

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.

Earnings History and Estimates for Hasbro (NASDAQ:HAS)

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