Hasbro, Inc. (NASDAQ:HAS) Receives Consensus Rating of "Buy" from Analysts

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has earned an average rating of "Buy" from the nine research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $81.25.

A number of analysts recently issued reports on HAS shares. DA Davidson reiterated a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Morgan Stanley upped their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Citigroup reiterated a "buy" rating and issued a $79.00 target price (up from $72.00) on shares of Hasbro in a research note on Monday, June 16th.

Hasbro Price Performance

NASDAQ HAS opened at $71.68 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The company has a market cap of $10.04 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.56. Hasbro has a 52 week low of $49.00 and a 52 week high of $73.46. The firm's 50-day simple moving average is $64.46 and its two-hundred day simple moving average is $61.05.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. During the same period in the prior year, the company posted $0.61 EPS. Hasbro's revenue was up 17.1% compared to the same quarter last year. Research analysts predict that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.70 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.91%. Hasbro's dividend payout ratio is presently 92.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC grew 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 purchasing an additional 2,427,299 shares during the last quarter. Norges Bank purchased a new stake in Hasbro during the fourth quarter valued at about $96,359,000. Invesco Ltd. grew its stake in shares of Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after buying an additional 701,660 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of 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 buying an additional 507,054 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Hasbro in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.