Zacks Investment Research upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research note published on Tuesday, December 26th.
According to Zacks, “Hasbro is currently benefiting from new products and strategic partnerships, major theatrical releases, along with increased focus on gaming. Consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets is likely to continue driving the company’s top- and bottom–line performance. However, recent Toys "R" Us bankruptcy may continue to impact Hasbro’s revenue and operating profit in the near-term and weigh on its performance. Moreover, rising competition from alternative modes of entertainment might limit top-line growth, while high costs along with macroeconomic and currency headwinds may dent profits. Year to date, shares underperformed the industry. Estimate revisions in the current year earnings have been stable over the last 60 days.”
A number of other brokerages have also recently commented on HAS. BidaskClub cut shares of Hasbro from a hold rating to a sell rating in a research note on Wednesday, December 6th. DA Davidson reissued a buy rating and issued a $124.00 price objective (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. KeyCorp reissued an overweight rating and issued a $112.00 price objective on shares of Hasbro in a research note on Wednesday, August 30th. BMO Capital Markets reissued a hold rating and issued a $83.00 price objective on shares of Hasbro in a research note on Monday, November 27th. Finally, Stifel Nicolaus lowered their price objective on shares of Hasbro from $104.00 to $100.00 and set a hold rating on the stock in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Hasbro presently has a consensus rating of Hold and a consensus price target of $105.81.
Hasbro (HAS) opened at $92.41 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. Hasbro has a 12-month low of $80.22 and a 12-month high of $116.20. The company has a market cap of $11,510.00, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 14.82% and a return on equity of 56.23%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $2.03 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts expect that Hasbro will post 5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.28 annualized dividend and a yield of 2.47%. Hasbro’s payout ratio is 48.61%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in Hasbro by 13,379.9% in the second quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock valued at $214,980,000 after acquiring an additional 1,913,599 shares in the last quarter. Principal Financial Group Inc. grew its position in Hasbro by 311.6% in the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after acquiring an additional 1,648,675 shares in the last quarter. FMR LLC grew its position in Hasbro by 70.2% in the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after acquiring an additional 868,073 shares in the last quarter. Ameriprise Financial Inc. grew its position in Hasbro by 308.1% in the second quarter. Ameriprise Financial Inc. now owns 1,036,952 shares of the company’s stock valued at $115,581,000 after acquiring an additional 782,881 shares in the last quarter. Finally, BlackRock Inc. grew its position in Hasbro by 7.6% in the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after acquiring an additional 700,898 shares in the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.
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Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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