Citigroup reaffirmed their buy rating on shares of Hasbro (NASDAQ:HAS - Free Report) in a research note released on Monday, Marketbeat.com reports. Citigroup currently has a $79.00 price target on the stock, up from their previous price target of $72.00.
Several other research analysts have also commented on HAS. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley upped their price target on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Finally, DA Davidson reissued a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $81.25.
Check Out Our Latest Stock Report on Hasbro
Hasbro Trading Up 0.6%
Shares of HAS stock traded up $0.43 on Monday, reaching $67.93. 1,993,173 shares of the stock were exchanged, compared to its average volume of 1,675,163. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The stock has a market cap of $9.52 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. The firm has a 50 day moving average of $62.65 and a two-hundred day moving average of $60.91. Hasbro has a 1-year low of $49.00 and a 1-year high of $73.46.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, research analysts anticipate that Hasbro will post 4.33 EPS for the current year.
Hasbro Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. Hasbro's dividend payout ratio is presently 92.41%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in Hasbro during the 4th quarter worth approximately $317,000. Empowered Funds LLC acquired a new stake in shares of Hasbro during the fourth quarter worth approximately $377,000. Allspring Global Investments Holdings LLC increased its stake in shares of Hasbro by 4.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,474 shares of the company's stock worth $365,000 after buying an additional 269 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Hasbro by 38.2% in the fourth quarter. Van ECK Associates Corp now owns 105,201 shares of the company's stock worth $5,882,000 after buying an additional 29,066 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Hasbro by 25.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,290 shares of the company's stock valued at $187,000 after acquiring an additional 672 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.
Hasbro Company Profile
(
Get Free Report)
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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