Brokerages Set Hasbro, Inc. (NASDAQ:HAS) PT at $86.42

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $86.4167.

Several brokerages have issued reports on HAS. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America lifted their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. DA Davidson boosted their price target on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Monness Crespi & Hardt boosted their price target on shares of Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Hasbro Price Performance

NASDAQ HAS traded up $0.59 on Friday, hitting $81.14. The company had a trading volume of 1,498,930 shares, compared to its average volume of 2,597,188. The company has a market capitalization of $11.38 billion, a PE ratio of -19.99, a PEG ratio of 1.05 and a beta of 0.60. The company's fifty day moving average price is $74.74 and its 200-day moving average price is $65.81. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. Hasbro has a 12-month low of $49.00 and a 12-month high of $81.31.

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

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. Hasbro's dividend payout ratio is presently -68.97%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HAS. DekaBank Deutsche Girozentrale increased its stake in Hasbro by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company's stock worth $2,490,000 after purchasing an additional 167 shares during the period. RNC Capital Management LLC increased its stake in Hasbro by 1.3% during the second quarter. RNC Capital Management LLC now owns 13,295 shares of the company's stock worth $981,000 after purchasing an additional 170 shares during the period. Commerce Bank increased its stake in Hasbro by 1.2% during the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after purchasing an additional 171 shares during the period. Itau Unibanco Holding S.A. increased its stake in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Hasbro by 36.7% during the second quarter. NewEdge Advisors LLC now owns 686 shares of the company's stock worth $51,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

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.