Hasbro, Inc. (NASDAQ:HAS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $115.00.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. UBS Group boosted their target price on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Mkm set a $120.00 price target on shares of Hasbro in a research note on Wednesday, February 11th. Finally, Citigroup raised their price target on shares of Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 12th.

Insider Transactions at Hasbro

In other news, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This represents a 15.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tarrant L. Sibley sold 15,148 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the transaction, the executive vice president owned 50,174 shares of the company’s stock, valued at approximately $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 413,342 shares of company stock worth $42,241,679. 0.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of HAS. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro during the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the 2nd quarter valued at approximately $25,000. First Horizon Corp purchased a new stake in shares of Hasbro in the 3rd quarter valued at $29,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter worth $28,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Hasbro in the third quarter worth $34,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.9%

Hasbro stock opened at $94.49 on Tuesday. Hasbro has a 1-year low of $49.00 and a 1-year high of $106.98. The business has a fifty day moving average price of $92.81 and a 200-day moving average price of $83.35. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of -40.21, a PEG ratio of 1.63 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.During the same quarter last year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. Equities research analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is -119.15%.

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.