Hasbro, Inc. (NASDAQ:HAS) Receives $109.43 Consensus PT from Analysts

Hasbro, Inc. (NASDAQ:HAS) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $109.4286.

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. BNP Paribas Exane reduced their price objective on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 15th. Bank of America lowered their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, DA Davidson dropped their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd.

Hasbro Trading Up 0.1%

HAS opened at $94.23 on Tuesday. The company has a market cap of $13.29 billion, a P/E ratio of 16.95, a PEG ratio of 1.72 and a beta of 0.47. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The company’s 50 day moving average is $88.20 and its 200-day moving average is $91.26. Hasbro has a 1-year low of $69.50 and a 1-year high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Equities research analysts predict that Hasbro will post 6.18 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro’s dividend payout ratio is currently 50.36%.

Insider Buying and Selling at Hasbro

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the transaction, the director directly owned 9,896 shares in the company, valued at approximately $918,744.64. This represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Hight sold 3,186 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. The trade was a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,415 shares of company stock worth $4,260,164 in the last 90 days. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro during the second quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Hasbro in the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro during the 2nd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Hasbro by 1,190.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in Hasbro during the first quarter worth $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

About Hasbro

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.