Brokerages Set Hasbro, Inc. (NASDAQ:HAS) Target Price at $80.67

Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $80.67.

A number of research firms have weighed in on HAS. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus lifted their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the last quarter. Samlyn Capital LLC boosted its holdings in shares of Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 97,039 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Down 0.5 %

Hasbro stock opened at $64.05 on Friday. The business has a fifty day moving average price of $66.74 and a 200-day moving average price of $64.70. Hasbro has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of -13.80, a PEG ratio of 0.61 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.37%. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.