Equities research analysts expect that Hasbro, Inc. (NASDAQ:HAS) will post sales of $1.20 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Hasbro's earnings. The highest sales estimate is $1.26 billion and the lowest is $1.14 billion. Hasbro posted sales of $1.11 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 5th.
According to Zacks, analysts expect that Hasbro will report full-year sales of $6.10 billion for the current year, with estimates ranging from $6.02 billion to $6.22 billion. For the next year, analysts anticipate that the firm will report sales of $6.47 billion, with estimates ranging from $6.22 billion to $6.64 billion. Zacks' sales calculations are a mean average based on a survey of analysts that cover Hasbro.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Sunday, February 7th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.13. Hasbro had a return on equity of 17.99% and a net margin of 7.44%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Hasbro's revenue was up 3.6% compared to the same quarter last year.
Several research analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Hasbro from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, February 9th. DA Davidson upped their target price on Hasbro from $105.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, February 9th. Barclays increased their price target on Hasbro from $90.00 to $94.00 and gave the company an "overweight" rating in a research report on Tuesday, October 27th. Bank of America boosted their price objective on Hasbro from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, February 4th. Finally, TheStreet raised Hasbro from a "c" rating to a "b" rating in a research report on Monday, October 26th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus target price of $94.10.
NASDAQ HAS opened at $89.43 on Wednesday. The company has a fifty day moving average price of $95.14 and a 200-day moving average price of $87.22. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.55 and a beta of 0.90. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.39. Hasbro has a 1 year low of $41.33 and a 1 year high of $101.24.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, May 3rd will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.04%. Hasbro's payout ratio is 66.67%.
In other news, CEO Brian Goldner sold 42,497 shares of the stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $94.07, for a total value of $3,997,692.79. Following the sale, the chief executive officer now directly owns 100,302 shares of the company's stock, valued at $9,435,409.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.60% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. London & Capital Asset Management Ltd grew its holdings in shares of Hasbro by 704.1% during the fourth quarter. London & Capital Asset Management Ltd now owns 110,384 shares of the company's stock worth $10,325,000 after purchasing an additional 96,657 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Hasbro by 11.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 729,263 shares of the company's stock valued at $68,215,000 after purchasing an additional 73,153 shares in the last quarter. Morgan Stanley lifted its position in Hasbro by 17.8% during the fourth quarter. Morgan Stanley now owns 465,343 shares of the company's stock valued at $43,528,000 after purchasing an additional 70,231 shares during the last quarter. Principal Street Partners LLC purchased a new position in Hasbro in the 4th quarter worth approximately $4,246,000. Finally, Tudor Investment Corp Et Al grew its stake in Hasbro by 247.2% in the 4th quarter. Tudor Investment Corp Et Al now owns 17,843 shares of the company's stock worth $1,669,000 after buying an additional 12,704 shares in the last quarter. 79.27% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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7 Stocks to Sell Before the New Year
We’re officially in the holiday season, which means it’s time to get our portfolios set for the new year. And for many investors, 2021 can’t get here fast enough. Don’t get me wrong. Overall, being invested in stocks has been a wise move. But it hasn’t been without its ups and downs. For investors to profit in this market, they have had to have conviction.
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View the "7 Stocks to Sell Before the New Year".