Hasbro (NASDAQ:HAS) Sets New 1-Year High - Should You Buy?

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.46 and last traded at $73.27, with a volume of 274919 shares traded. The stock had previously closed at $72.31.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAS shares. Morgan Stanley lifted their price target on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Citigroup restated a "buy" rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. DA Davidson reiterated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $81.25.

Hasbro Price Performance

The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. The business's 50 day moving average price is $64.85 and its two-hundred day moving average price is $61.10. The stock has a market cap of $10.25 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The business had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same period last year, the business posted $0.61 earnings per share. Hasbro's quarterly revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 3.83%. Hasbro's payout ratio is 92.41%.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commerce Bank boosted 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 acquiring an additional 171 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares during the last quarter. Keybank National Association OH boosted its position in shares of Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after purchasing an additional 180 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after buying an additional 186 shares during the last quarter. Finally, Blair William & Co. IL increased its position in Hasbro by 1.0% during the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after buying an additional 192 shares in 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.

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