Hasbro (NASDAQ:HAS) Stock Price Down 4% - What's Next?

Hasbro, Inc. (NASDAQ:HAS - Get Free Report)'s share price fell 4% on Wednesday . The stock traded as low as $74.09 and last traded at $74.45. 1,991,911 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 1,756,167 shares. The stock had previously closed at $77.57.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAS. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Citigroup increased their price objective on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Monness Crespi & Hardt increased their price objective on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, DA Davidson increased their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.27.

Hasbro Price Performance

The company has a market capitalization of $10.51 billion, a P/E ratio of -18.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. The company has a fifty day moving average price of $71.42 and a 200 day moving average price of $63.73. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.40.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The business's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.73%. Hasbro's dividend payout ratio is currently -68.97%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HAS. Parvin Asset Management LLC acquired a new position in shares of Hasbro in the fourth quarter worth $25,000. Sentry Investment Management LLC bought a new stake in Hasbro during the first quarter valued at about $28,000. SBI Securities Co. Ltd. boosted its holdings in Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in 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 acquiring an additional 178 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro during the fourth quarter valued at about $43,000. 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.