Hasbro, Inc. (NASDAQ:HAS) Receives $86.42 Average PT from Brokerages

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $86.4167.

Several research analysts have commented on the company. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $85.00 in a report on Monday, June 30th. Roth Capital lifted their price target on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group lifted their price target on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, DA Davidson lifted their price target on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, July 24th.

Hasbro Trading Down 1.0%

Shares of NASDAQ HAS traded down $0.78 during midday trading on Tuesday, hitting $79.17. The company's stock had a trading volume of 476,455 shares, compared to its average volume of 1,984,869. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The business's 50 day moving average is $78.21 and its two-hundred day moving average is $68.32. Hasbro has a 12-month low of $49.00 and a 12-month high of $82.19. The firm has a market cap of $11.10 billion, a P/E ratio of -19.51, a price-to-earnings-growth ratio of 1.00 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that Hasbro will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Hasbro's dividend payout ratio (DPR) is currently -68.97%.

Insider Transactions at Hasbro

In related news, insider Timothy J. Kilpin sold 8,557 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total transaction of $696,882.08. Following the transaction, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. The trade was a 16.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,359 shares of company stock valued at $2,970,828 in the last quarter. 0.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAS. Bank of America Corp DE grew its stake in Hasbro by 128.7% during the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company's stock worth $220,089,000 after buying an additional 1,677,962 shares during the last quarter. Norges Bank purchased a new position in Hasbro during the 2nd quarter worth $123,710,000. AQR Capital Management LLC grew its stake in Hasbro by 95.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company's stock worth $164,831,000 after buying an additional 1,105,004 shares during the last quarter. Mane Global Capital Management LP purchased a new stake in Hasbro during the 2nd quarter valued at about $77,471,000. Finally, Nuveen LLC purchased a new stake in Hasbro during the 1st quarter valued at about $30,347,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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.