Hasbro (NASDAQ:HAS) Upgraded at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Hasbro (NASDAQ:HAS - Free Report) to a strong-buy rating in a report issued on Tuesday, April 22nd,Zacks.com reports.

HAS has been the subject of a number of other research reports. DA Davidson upgraded shares of Hasbro to a "hold" rating in a research note on Monday, April 14th. StockNews.com cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley reissued an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $79.89.

Hasbro Stock Performance

Shares of HAS traded down $0.41 during trading hours on Tuesday, reaching $61.16. 674,996 shares of the company traded hands, compared to its average volume of 1,667,628. Hasbro has a 1-year low of $49.00 and a 1-year high of $73.46. The stock has a market cap of $8.56 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The stock's fifty day moving average is $59.22 and its 200 day moving average is $60.92. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The company 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 47.93% and a net margin of 9.32%. The company's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Equities research analysts anticipate that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.58%. The ex-dividend date is Wednesday, May 21st. Hasbro's payout ratio is presently 92.41%.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Hasbro in the 3rd quarter valued at $501,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro during the third quarter valued at $45,000. Optimist Retirement Group LLC bought a new position in Hasbro in the third quarter valued at about $280,000. American Trust acquired a new stake in Hasbro in the third quarter worth about $634,000. Finally, Principal Financial Group Inc. raised its holdings in Hasbro by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 153,904 shares of the company's stock worth $11,130,000 after purchasing an additional 5,771 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.