Hasbro, Inc. (NASDAQ:HAS) – DA Davidson reduced their Q3 2018 earnings per share estimates for Hasbro in a research note issued on Tuesday. DA Davidson analyst L. Weiser now expects that the company will post earnings of $2.50 per share for the quarter, down from their prior forecast of $2.61. DA Davidson currently has a “Buy” rating and a $124.00 price target on the stock.
Several other research analysts also recently weighed in on the company. BMO Capital Markets lifted their target price on Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Wells Fargo & Co reiterated a “market perform” rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a research note on Thursday, February 8th. KeyCorp lifted their target price on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. B. Riley lifted their target price on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus price target of $109.87.
Shares of Hasbro (NASDAQ:HAS) traded down $1.85 during mid-day trading on Thursday, hitting $97.22. The company’s stock had a trading volume of 482,616 shares, compared to its average volume of 1,880,306. Hasbro has a one year low of $87.92 and a one year high of $116.20. The stock has a market cap of $12,177.80, a P/E ratio of 31.16, a P/E/G ratio of 1.56 and a beta of 0.86. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $1.64 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB raised its holdings in Hasbro by 5.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 29,412 shares of the company’s stock worth $2,673,000 after purchasing an additional 1,402 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Hasbro by 9.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 47,699 shares of the company’s stock worth $4,335,000 after purchasing an additional 4,064 shares during the last quarter. We Are One Seven LLC acquired a new position in Hasbro during the fourth quarter worth $308,000. HM Payson & Co. raised its holdings in Hasbro by 72.7% during the fourth quarter. HM Payson & Co. now owns 204,398 shares of the company’s stock worth $18,578,000 after purchasing an additional 86,010 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Hasbro by 57.9% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,000 shares of the company’s stock worth $545,000 after purchasing an additional 2,200 shares during the last quarter. 77.90% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a $0.63 dividend. This is a boost from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio (DPR) is currently 73.08%.
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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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