Hasbro (NASDAQ:HAS) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Hasbro (NASDAQ:HAS - Free Report) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other research analysts have also recently commented on HAS. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research report on Friday, April 25th. DA Davidson restated a "neutral" rating and set a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $81.25.

Hasbro Trading Up 1.9%

NASDAQ:HAS traded up $1.27 on Thursday, reaching $67.10. 362,670 shares of the company's stock were exchanged, compared to its average volume of 1,920,965. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The business has a fifty day moving average of $59.52 and a 200-day moving average of $60.38. Hasbro has a 52-week low of $49.00 and a 52-week high of $73.46.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.17%. Hasbro's dividend payout ratio is currently 92.41%.

Institutional Trading of Hasbro

Institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC acquired a new stake in Hasbro during the 1st quarter worth $220,000. Focus Partners Wealth purchased a new position in shares of Hasbro during the first quarter worth about $292,000. Woodline Partners LP increased its position in shares of Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company's stock worth $681,000 after purchasing an additional 3,203 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company's stock valued at $811,000 after purchasing an additional 6,451 shares during the last quarter. Finally, Dean Capital Management lifted its holdings in shares of Hasbro by 37.5% in the 1st quarter. Dean Capital Management now owns 20,826 shares of the company's stock valued at $1,281,000 after purchasing an additional 5,683 shares during the last quarter. Hedge funds and other institutional investors 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.