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

Key Points

• Analysts have assigned Hasbro, Inc. a consensus rating of "Moderate Buy", with ten buy recommendations, one hold, and one sell from the twelve analysts covering the stock.
• Hasbro's quarterly earnings showed an EPS of $1.30, significantly beating expectations, alongside a revenue of $980.80 million, which surpassed analyst predictions.
• The company recently declared a quarterly dividend of $0.70 per share, equating to an annual yield of 3.7%, with the ex-dividend date set as August 20th.

Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $87.6364.

HAS has been the topic of a number of recent analyst reports. Roth Capital boosted their target price on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price target on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Finally, Bank of America lifted their target price on shares of Hasbro from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, September 29th.

Insider Activity

In other news, insider Roberta K. Thomson sold 1,002 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the sale, the insider owned 51,301 shares of the company's stock, valued at $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,359 shares of company stock worth $2,970,828 over the last quarter. Corporate insiders own 0.85% of the company's stock.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its holdings in shares of Hasbro by 3.9% during the first quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock worth $1,754,000 after purchasing an additional 1,072 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Hasbro by 20.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock valued at $1,036,000 after buying an additional 2,866 shares during the period. Jump Financial LLC lifted its position in Hasbro by 129.5% in the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company's stock worth $678,000 after buying an additional 6,219 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock valued at $1,021,000 after buying an additional 6,225 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Hasbro by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company's stock valued at $785,000 after acquiring an additional 931 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Up 1.0%

HAS stock opened at $75.89 on Friday. The firm has a market cap of $10.64 billion, a PE ratio of -18.69, a P/E/G ratio of 0.97 and a beta of 0.60. Hasbro has a 12 month low of $49.00 and a 12 month high of $82.19. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $77.87 and a 200 day simple moving average of $69.66.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $980.80 million for the quarter, compared to analysts' expectations of $891.82 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro's payout ratio is -68.97%.

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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