Jefferies Financial Group Analysts Give Hasbro (NASDAQ:HAS) a $130.00 Price Target

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Jefferies Financial Group set a $130.00 target price on Hasbro (NASDAQ:HAS) in a research note released on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the stock. Jefferies Financial Group also issued estimates for Hasbro’s Q3 2019 earnings at $2.34 EPS, Q4 2019 earnings at $1.68 EPS, FY2019 earnings at $5.01 EPS, Q2 2020 earnings at $0.94 EPS and Q3 2020 earnings at $2.64 EPS.

A number of other equities analysts have also commented on HAS. BMO Capital Markets boosted their price objective on shares of Hasbro from $93.00 to $105.00 and gave the stock a market perform rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. SunTrust Banks set a $118.00 price objective on shares of Hasbro and gave the stock a hold rating in a report on Friday, August 23rd. Citigroup boosted their price objective on shares of Hasbro from $103.00 to $118.00 and gave the stock a buy rating in a report on Thursday, June 6th. BidaskClub upgraded shares of Hasbro from a hold rating to a buy rating in a report on Friday, July 26th. Finally, Argus upgraded shares of Hasbro from a hold rating to a buy rating and set a $145.00 price objective on the stock in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $122.77.

Hasbro stock traded up $1.00 during trading on Tuesday, reaching $120.64. 1,350 shares of the company’s stock were exchanged, compared to its average volume of 707,211. The company’s 50-day moving average is $114.14 and its two-hundred day moving average is $101.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.11 and a current ratio of 2.64. Hasbro has a 52-week low of $76.84 and a 52-week high of $126.87. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.29 and a beta of 1.06.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The firm had revenue of $984.54 million during the quarter, compared to analysts’ expectations of $958.91 million. During the same period in the prior year, the company earned $0.48 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Analysts anticipate that Hasbro will post 4.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, October 31st. Hasbro’s dividend payout ratio (DPR) is 70.65%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HAS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Hasbro by 3.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,002 shares of the company’s stock valued at $3,593,000 after acquiring an additional 1,291 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Hasbro by 13.1% in the second quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after acquiring an additional 1,106,949 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Hasbro by 35.0% in the second quarter. Vestmark Advisory Solutions Inc. now owns 3,518 shares of the company’s stock valued at $372,000 after acquiring an additional 913 shares in the last quarter. Barings LLC bought a new position in shares of Hasbro in the second quarter valued at approximately $684,000. Finally, Maverick Capital Ltd. boosted its holdings in shares of Hasbro by 13.7% in the second quarter. Maverick Capital Ltd. now owns 75,130 shares of the company’s stock valued at $7,940,000 after acquiring an additional 9,050 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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