Hasbro Inc. (NASDAQ:HAS)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a report issued on Thursday. They currently have a $82.00 price target on the stock. Jefferies Group’s target price suggests a potential upside of 7.67% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. Piper Jaffray Cos. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price target for the company in a research note on Tuesday, July 19th. They noted that the move was a valuation call. Vetr upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price objective on the stock in a report on Monday, September 12th. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, September 19th. Barclays PLC cut their price objective on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Finally, MKM Partners restated a “hold” rating and issued a $84.00 price objective on shares of Hasbro in a report on Tuesday, July 12th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $86.90.
Shares of Hasbro (NASDAQ:HAS) opened at 76.16 on Thursday. The company has a market cap of $9.55 billion, a PE ratio of 19.96 and a beta of 1.00. Hasbro has a 12-month low of $64.91 and a 12-month high of $88.53. The company has a 50 day moving average of $79.70 and a 200-day moving average of $82.58.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The company earned $878.90 million during the quarter, compared to the consensus estimate of $858.97 million. During the same period in the prior year, the firm earned $0.33 earnings per share. Hasbro’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Hasbro will post $4.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given 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 payout ratio is presently 53.40%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Hasbro during the second quarter valued at approximately $115,000. Mizuho Asset Management Co. Ltd. increased 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 during the last quarter. Global X Management Co. LLC increased 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 during the last quarter. Pacer Advisors Inc. increased 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 during the last quarter. Finally, National Asset Management Inc. purchased a new stake in shares of Hasbro during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 76.79% of the company’s stock.
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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