BidaskClub upgraded shares of Hasbro (NASDAQ:HAS) from a buy rating to a strong-buy rating in a report released on Wednesday.
HAS has been the subject of several other reports. Zacks Investment Research upgraded Hasbro from a strong sell rating to a hold rating in a report on Monday, June 25th. Jefferies Financial Group set a $110.00 price target on Hasbro and gave the company a buy rating in a report on Thursday, March 15th. KeyCorp reduced their price target on Hasbro from $110.00 to $105.00 and set an overweight rating for the company in a report on Monday, April 23rd. TheStreet downgraded Hasbro from a b- rating to a c+ rating in a report on Friday, April 6th. Finally, ValuEngine downgraded Hasbro from a hold rating to a sell rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $102.07.
Hasbro opened at $93.16 on Wednesday, according to Marketbeat. The company has a quick ratio of 2.94, a current ratio of 3.54 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.65 and a beta of 0.87. Hasbro has a 12-month low of $79.00 and a 12-month high of $116.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, April 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $716.30 million during the quarter, compared to the consensus estimate of $816.00 million. Hasbro had a return on equity of 35.43% and a net margin of 4.25%. Hasbro’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. equities analysts predict that Hasbro will post 4.83 earnings per share for the current year.
Hasbro announced that its board has approved a stock repurchase plan on Thursday, May 17th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, July 31st. This represents a $2.52 annualized dividend and a dividend yield of 2.71%. Hasbro’s dividend payout ratio (DPR) is presently 46.15%.
Several institutional investors have recently added to or reduced their stakes in HAS. Optimum Investment Advisors purchased a new stake in shares of Hasbro during the first quarter valued at $117,000. McKinley Carter Wealth Services Inc. purchased a new position in Hasbro in the first quarter worth about $136,000. Dupont Capital Management Corp boosted its position in Hasbro by 88.4% in the first quarter. Dupont Capital Management Corp now owns 1,846 shares of the company’s stock worth $156,000 after purchasing an additional 866 shares during the last quarter. Csenge Advisory Group purchased a new position in Hasbro in the first quarter worth about $202,000. Finally, CIBC World Markets Inc. purchased a new position in Hasbro in the first quarter worth about $206,000. 79.16% of the stock is currently owned by institutional investors.
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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