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

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has been assigned a consensus rating of "Buy" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.89.

HAS has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. DA Davidson raised shares of Hasbro to a "hold" rating in a research report on Monday, April 14th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Friday, April 25th. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HAS. Pacer Advisors Inc. increased its stake in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after purchasing an additional 2,427,299 shares in the last quarter. Norges Bank bought a new position in shares of Hasbro in the fourth quarter worth approximately $96,359,000. Invesco Ltd. raised its stake in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Hasbro by 23.7% during the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after purchasing an additional 507,054 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Trading Down 0.4 %

Shares of HAS stock opened at $60.92 on Wednesday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 0.60 and a beta of 0.54. Hasbro has a 52-week low of $49.00 and a 52-week high of $73.46. The company has a 50-day simple moving average of $58.61 and a two-hundred day simple moving average of $60.55.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the company posted $0.61 earnings per share. Hasbro's quarterly revenue was up 17.1% on a year-over-year basis. Research analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio is presently 92.41%.

About Hasbro

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.

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