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

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has been assigned a consensus rating of "Buy" from the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $80.38.

A number of research firms have recently weighed in on HAS. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley lifted their price objective on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research note on Friday, April 25th.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC boosted its holdings in shares of Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares in the last quarter. Norges Bank purchased a new position in Hasbro during the 4th quarter valued at about $96,359,000. Invesco Ltd. boosted its stake in Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after acquiring an additional 701,660 shares in the last quarter. Marshall Wace LLP grew its holdings in Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after purchasing an additional 507,054 shares during the period. Finally, Nuveen LLC bought a new position in shares of Hasbro during the first quarter valued at approximately $30,347,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Down 0.1%

Shares of NASDAQ:HAS traded down $0.05 during trading on Friday, reaching $66.75. 2,145,385 shares of the company traded hands, compared to its average volume of 1,670,564. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a 52-week low of $49.00 and a 52-week high of $73.46. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 0.60 and a beta of 0.54. The business's fifty day moving average is $60.00 and its 200-day moving average is $60.50.

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

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.19%. Hasbro's dividend payout ratio is presently 92.41%.

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.