Hasbro - HAS Stock Forecast, Price & News

Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels. Its toys and games include action figures, arts and crafts and creative play products, fashion and other dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparels, publishing products, home goods and electronics, and toy products. The company's Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading card, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. Its Entertainment segment engages in the development, acquisition, production, distribution, and sale of world-class entertainment content, including film, scripted and unscripted television, family programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as ecommerce retailers; and directly to customer through Hasbro PULSE e-commerce website. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island.

Analyst Ratings Changes

A number of research firms have commented on HAS. BMO Capital Markets decreased their target price on Hasbro from $85.00 to $80.00 in a research report on Thursday, July 21st. TheStreet downgraded Hasbro from a "b" rating to a "c+" rating in a research report on Tuesday, April 19th. UBS Group reduced their target price on Hasbro to $120.00 in a research report on Tuesday, July 26th. MKM Partners reduced their target price on Hasbro from $118.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, July 7th. Finally, Truist Financial dropped their price target on Hasbro from $100.00 to $88.00 and set a "hold" rating for the company in a research note on Wednesday, July 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $105.70.

Hasbro Stock Down 1.3 %

NASDAQ:HAS traded down $1.00 during mid-day trading on Friday, reaching $77.91. 759,895 shares of the company's stock traded hands, compared to its average volume of 1,421,979. Hasbro has a 1-year low of $76.93 and a 1-year high of $105.73. The company has a fifty day simple moving average of $82.55 and a 200-day simple moving average of $87.37. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 20.08 and a beta of 0.79.

Hasbro (NASDAQ:HAS - Get Rating) last released its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.21. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.37 billion. Hasbro had a return on equity of 22.26% and a net margin of 8.30%. Hasbro's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, equities research analysts expect that Hasbro will post 5.09 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Monday, October 31st. Hasbro's dividend payout ratio (DPR) is 72.16%.