Hasbro (NASDAQ:HAS) Upgraded at Citigroup

Citigroup upgraded shares of Hasbro (NASDAQ:HAS - Free Report) from a neutral rating to a buy rating in a research report report published on Friday morning, MarketBeat Ratings reports. Citigroup currently has $72.00 price target on the stock.

Several other research firms also recently commented on HAS. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. DA Davidson raised shares of Hasbro to a "hold" rating in a research report on Monday, April 14th. Roth Mkm increased their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley reissued an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hasbro currently has an average rating of "Moderate Buy" and an average price target of $79.89.

Hasbro Stock Down 0.3 %

Shares of HAS stock traded down $0.20 during trading on Friday, hitting $61.37. 774,242 shares of the company were exchanged, compared to its average volume of 1,668,211. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 0.60 and a beta of 0.51. The business's 50-day simple moving average is $59.22 and its 200 day simple moving average is $60.92. Hasbro has a twelve month low of $49.00 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its 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 analysts' expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company's revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio is currently 92.41%.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust increased its holdings in shares of Hasbro by 26.6% in the first quarter. Greenleaf Trust now owns 6,081 shares of the company's stock valued at $374,000 after purchasing an additional 1,276 shares in the last quarter. Beverly Hills Private Wealth LLC acquired a new stake in Hasbro during the 1st quarter worth $240,000. Financial Counselors Inc. lifted its stake in shares of Hasbro by 24.0% in the 1st quarter. Financial Counselors Inc. now owns 137,089 shares of the company's stock valued at $8,430,000 after purchasing an additional 26,503 shares during the period. YANKCOM Partnership grew its stake in shares of Hasbro by 13.1% during the first quarter. YANKCOM Partnership now owns 9,610 shares of the company's stock worth $591,000 after purchasing an additional 1,116 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in Hasbro by 6.6% in the first quarter. TD Private Client Wealth LLC now owns 59,846 shares of the company's stock valued at $3,680,000 after purchasing an additional 3,693 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Company Profile

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.