Hasbro, Inc. (NASDAQ:HAS) – Analysts at DA Davidson reduced their Q1 2019 EPS estimates for shares of Hasbro in a research note issued to investors on Tuesday, February 19th. DA Davidson analyst L. Weiser now expects that the company will earn ($0.13) per share for the quarter, down from their previous forecast of ($0.11). DA Davidson also issued estimates for Hasbro’s Q4 2019 earnings at $1.51 EPS.
Hasbro (NASDAQ:HAS) last released its earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.35). Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year.
Other analysts also recently issued reports about the company. Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Monday, February 11th. TheStreet downgraded Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. Citigroup decreased their price objective on Hasbro from $116.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, MKM Partners decreased their price objective on Hasbro to $102.00 and set a “buy” rating for the company in a report on Friday, January 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $103.73.
NASDAQ:HAS opened at $86.00 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.42 and a debt-to-equity ratio of 0.97. The firm has a market cap of $11.00 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. Hasbro has a twelve month low of $76.84 and a twelve month high of $109.60.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.68 dividend. This is an increase from Hasbro’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s payout ratio is presently 65.45%.
In other Hasbro news, Director Alan G. Hassenfeld sold 302,220 shares of Hasbro stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total value of $29,478,538.80. Following the transaction, the director now owns 30,945 shares in the company, valued at $3,018,375.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sigma Planning Corp grew its stake in Hasbro by 4.4% in the fourth quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock valued at $216,000 after purchasing an additional 112 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after purchasing an additional 123 shares during the last quarter. Bessemer Group Inc. grew its stake in Hasbro by 46.3% in the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. Van ECK Associates Corp grew its stake in Hasbro by 38.2% in the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after purchasing an additional 128 shares during the last quarter. Finally, CSat Investment Advisory L.P. grew its stake in Hasbro by 77.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock valued at $25,000 after purchasing an additional 134 shares during the last quarter. Institutional investors 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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