Hasbro, Inc. (NASDAQ:HAS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Twelve of 16 brokerages rate Hasbro a “buy,” while four recommend holding the stock. The average 12-month price target is approximately $109.43, above the reported opening price of $95.41.
• Hasbro exceeded quarterly expectations, reporting $1.28 in EPS versus the $1.16 consensus and $1.14 billion in revenue, up 16.2% year over year. Analysts project full-year EPS of $6.15.
• The company declared a quarterly dividend of $0.70 per share, equivalent to $2.80 annually and a 2.9% yield. Insiders have sold 45,415 shares worth about $4.26 million over the past three months, while institutional investors own 91.83% of the stock.

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $109.4286.

Several equities analysts have issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Hasbro from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Zacks Research lowered shares of Hasbro from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Wall Street Zen cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. decreased their price objective on Hasbro from $125.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Finally, UBS Group reaffirmed a "buy" rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th.

Hasbro Stock Performance

Shares of HAS stock opened at $95.41 on Tuesday. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.71 and a beta of 0.47. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The business's 50-day moving average price is $87.33 and its 200-day moving average price is $91.23. Hasbro has a 12 month low of $69.50 and a 12 month high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The firm's revenue was up 16.2% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post 6.15 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, August 19th. Hasbro's dividend payout ratio (DPR) is 50.36%.

Insider Buying and Selling

In related news, insider John Hight sold 3,186 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the sale, the insider directly owned 67,557 shares in the company, valued at $6,330,766.47. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $92.84, for a total transaction of $183,359.00. Following the sale, the director directly owned 9,896 shares of the company's stock, valued at $918,744.64. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 45,415 shares of company stock valued at $4,260,164. Insiders own 0.71% of the company's stock.

Hedge Funds Weigh In On Hasbro

A number of hedge funds have recently bought and sold shares of HAS. Brighton Jones LLC acquired a new stake in Hasbro during the 4th quarter worth about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company's stock valued at $1,018,000 after purchasing an additional 1,753 shares during the period. Empowered Funds LLC lifted its stake in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company's stock valued at $811,000 after purchasing an additional 6,451 shares during the period. Woodline Partners LP boosted its position in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company's stock valued at $681,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Hasbro during the 1st quarter valued at about $292,000. Institutional investors own 91.83% of the company's stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company's brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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