Hasbro, Inc. (NASDAQ:HAS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Hasbro, with 12 buy ratings and four hold ratings among 16 analysts. The average 12-month price target is $109.43, above the reported share price of $87.57.
• Hasbro exceeded quarterly expectations, reporting $1.28 in adjusted earnings per share versus a $1.16 estimate and $1.14 billion in revenue, up 16.2% year over year. The company also pays a quarterly dividend of $0.70 per share, representing a 3.2% yield.
• Institutional investors own 91.83% of Hasbro’s outstanding shares, with several firms increasing their positions. Meanwhile, insiders sold 50,472 shares worth approximately $4.74 million over the past 90 days.

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

Several brokerages recently weighed in on HAS. Wall Street Zen cut Hasbro from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Argus lifted their target price on shares of Hasbro from $90.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Zacks Research cut shares of Hasbro from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Hasbro from a "sell (d+)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Finally, DA Davidson dropped their target price on Hasbro from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 22nd.

Insider Buying and Selling at Hasbro

In other news, CFO Gina Goetter sold 8,265 shares of the business's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the completion of the sale, the chief financial officer owned 79,839 shares of the company's stock, valued at $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy Kilpin sold 20,000 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the transaction, the insider owned 54,229 shares of the company's stock, valued at approximately $5,049,804.48. This trade represents a 26.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 50,472 shares of company stock valued at $4,736,533. Corporate insiders own 0.71% of the company's stock.

Institutional Trading of Hasbro

Several large investors have recently made changes to their positions in HAS. Tidal Investments LLC boosted its stake in Hasbro by 19.2% during the 2nd quarter. Tidal Investments LLC now owns 27,197 shares of the company's stock worth $2,246,000 after purchasing an additional 4,373 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Hasbro by 5.3% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,127 shares of the company's stock worth $258,000 after buying an additional 156 shares in the last quarter. Community Bank N.A. purchased a new position in shares of Hasbro in the second quarter worth about $26,000. NewEdge Advisors LLC boosted its position in Hasbro by 621.3% during the second quarter. NewEdge Advisors LLC now owns 494,060 shares of the company's stock worth $40,804,000 after acquiring an additional 425,562 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Hasbro by 2.5% during the second quarter. Baird Financial Group Inc. now owns 36,925 shares of the company's stock worth $3,050,000 after acquiring an additional 897 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $87.57 on Friday. The company has a 50 day simple moving average of $91.20 and a two-hundred day simple moving average of $90.21. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.53 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. 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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.30 EPS. The company's revenue was up 16.2% on a year-over-year basis. As a group, analysts predict that Hasbro will post 6.16 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Hasbro's dividend payout ratio (DPR) is presently 50.36%.

About Hasbro

Hasbro, Inc is a global play and entertainment company that develops, markets and licenses toys, games and related entertainment experiences. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Magic: The Gathering and Dungeons & Dragons. The company serves consumers through retail, e-commerce, digital gaming, licensing and entertainment channels.

Hasbro's business includes consumer products, tabletop and digital gaming, and brand licensing.

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