Hasbro Inc. (NASDAQ:HAS)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a note issued to investors on Wednesday. They currently have a $82.00 price objective on the stock. Jefferies Group’s target price indicates a potential upside of 0.68% from the company’s current price.
HAS has been the topic of a number of other reports. Piper Jaffray Cos. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price target on the stock in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $85.90 target price on the stock in a report on Monday, September 12th. MKM Partners reissued a “hold” rating and issued a $84.00 target price on shares of Hasbro in a report on Tuesday, July 12th. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, September 19th. Finally, Barclays PLC decreased their target price 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. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hasbro presently has an average rating of “Hold” and an average target price of $86.90.
Shares of Hasbro (NASDAQ:HAS) opened at 81.45 on Wednesday. The company’s 50 day moving average is $79.71 and its 200-day moving average is $82.67. The company has a market capitalization of $10.21 billion, a P/E ratio of 21.34 and a beta of 1.00. Hasbro has a 1-year low of $64.91 and a 1-year high of $88.53.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 17th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.29. Hasbro had a net margin of 11.01% and a return on equity of 32.84%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $1.58 earnings per share. Hasbro’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Hasbro will post $4.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a dividend of $0.51 per share. The ex-dividend date is Friday, October 28th. This represents a $2.04 annualized dividend and a yield of 2.50%. Hasbro’s dividend payout ratio is presently 48.46%.
A number of large investors have recently bought and sold shares of HAS. Vanguard Group Inc. increased its stake in Hasbro by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,160,061 shares of the company’s stock valued at $937,333,000 after buying an additional 90,770 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Hasbro by 25.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,031,634 shares of the company’s stock worth $338,617,000 after buying an additional 808,094 shares during the period. Edge Asset Management Inc. increased its position in shares of Hasbro by 0.4% in the second quarter. Edge Asset Management Inc. now owns 2,535,065 shares of the company’s stock worth $212,920,000 after buying an additional 9,125 shares during the period. FMR LLC increased its position in shares of Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock worth $194,644,000 after buying an additional 382,740 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of Hasbro by 4.3% in the second quarter. BlackRock Fund Advisors now owns 1,834,194 shares of the company’s stock worth $154,054,000 after buying an additional 75,410 shares during the period. Institutional investors and hedge funds own 76.78% 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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