DA Davidson Comments on Hasbro, Inc.'s Q2 2024 Earnings (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS - Free Report) - Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for Hasbro in a research note issued to investors on Monday, April 29th. DA Davidson analyst L. Weiser anticipates that the company will earn $0.75 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $59.00 price objective on the stock. The consensus estimate for Hasbro's current full-year earnings is $3.46 per share.

HAS has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. Stifel Nicolaus upped their price target on shares of Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, April 15th. Roth Mkm upped their price target on shares of Hasbro from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. TheStreet downgraded shares of Hasbro from a "c-" rating to a "d+" rating in a research report on Tuesday, February 13th. Finally, StockNews.com upgraded shares of Hasbro from a "sell" rating to a "hold" rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $66.36.

Hasbro Price Performance

Shares of Hasbro stock traded down $2.98 during trading hours on Tuesday, reaching $61.30. The stock had a trading volume of 1,624,943 shares, compared to its average volume of 1,780,045. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88. The stock's 50 day moving average is $54.93 and its 200 day moving average is $51.17. The firm has a market capitalization of $8.51 billion, a PE ratio of -6.05, a PEG ratio of 1.09 and a beta of 0.74.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company's revenue was down 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

Institutional Trading of Hasbro

Hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC boosted its position in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company's stock worth $26,000 after purchasing an additional 167 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company's stock worth $230,000 after purchasing an additional 215 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Hasbro by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company's stock worth $3,905,000 after purchasing an additional 220 shares during the period. CWM LLC boosted its position in shares of Hasbro by 19.2% during the 3rd quarter. CWM LLC now owns 1,393 shares of the company's stock worth $92,000 after purchasing an additional 224 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Hasbro by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company's stock worth $675,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.57%. Hasbro's dividend payout ratio (DPR) is -27.61%.

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.