Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at KeyCorp lowered their Q1 2019 earnings per share (EPS) estimates for shares of Hasbro in a research note issued to investors on Tuesday, February 19th. KeyCorp analyst B. Andress now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their previous estimate of $0.13. KeyCorp currently has a “Buy” rating and a $110.00 target price on the stock. KeyCorp also issued estimates for Hasbro’s Q4 2019 earnings at $1.65 EPS, FY2019 earnings at $4.30 EPS and FY2020 earnings at $4.90 EPS.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.35). The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.30 EPS.
Other equities analysts also recently issued reports about the company. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Wells Fargo & Co reduced their target price on Hasbro from $95.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 13th. Argus reduced their target price on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $103.73.
Shares of HAS stock opened at $86.00 on Friday. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.07 and a current ratio of 2.42. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.62 and a beta of 0.99.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 3.16%. Hasbro’s dividend payout ratio is currently 65.45%.
In other Hasbro news, Director Alan G. Hassenfeld sold 302,220 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the completion of the sale, the director now directly owns 30,945 shares in the company, valued at $3,018,375.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Capital Research Global Investors grew its stake in Hasbro by 31.6% during the 3rd quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock valued at $1,468,109,000 after purchasing an additional 3,356,518 shares in the last quarter. Vanguard Group Inc grew its stake in Hasbro by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after purchasing an additional 368,897 shares in the last quarter. BlackRock Inc. grew its stake in Hasbro by 4.5% during the 4th quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after purchasing an additional 356,569 shares in the last quarter. Jackson Square Partners LLC grew its stake in Hasbro by 203.6% during the 3rd quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock valued at $423,659,000 after purchasing an additional 2,702,931 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Hasbro by 6.4% during the 4th quarter. Principal Financial Group Inc. now owns 3,570,661 shares of the company’s stock valued at $290,117,000 after purchasing an additional 213,975 shares in the last quarter. Institutional investors and hedge funds own 86.78% of the company’s stock.
Hasbro Company Profile
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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