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.
Hasbro Stock Performance
Hasbro stock opened at $77.91 on Monday. 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 has a 12 month low of $76.93 and a 12 month high of $105.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.03. The stock's 50-day moving average is $82.55 and its 200-day moving average is $87.29.
Hasbro (NASDAQ:HAS - Get Rating) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.94 by $0.21. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Hasbro's revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Hasbro will post 5.09 earnings per share for the current year.
Hasbro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.70 dividend. The ex-dividend date is Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%. Hasbro's dividend payout ratio is currently 72.16%.
Analyst Ratings Changes
HAS has been the topic of several recent research reports. MKM Partners dropped their price target on Hasbro from $118.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, July 7th. Jefferies Financial Group decreased their price objective on shares of Hasbro from $115.00 to $100.00 in a research report on Friday, July 15th. BMO Capital Markets cut their price target on Hasbro from $85.00 to $80.00 in a report on Thursday, July 21st. DA Davidson upped their price objective on shares of Hasbro from $121.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, April 20th. Finally, UBS Group decreased their price objective on Hasbro to $120.00 in a report on Tuesday, July 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of "Hold" and a consensus target price of $105.70.