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.

Hasbro Stock Performance

NASDAQ:HAS traded down $1.17 during mid-day trading on Wednesday, reaching $81.25. The stock had a trading volume of 732,795 shares, compared to its average volume of 1,201,860. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 20.94 and a beta of 0.79. Hasbro has a twelve month low of $76.93 and a twelve month high of $105.73. The business has a 50 day simple moving average of $81.24 and a 200 day simple moving average of $86.68.

Hasbro (NASDAQ:HAS - Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.21. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.37 billion. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. On average, analysts expect that Hasbro will post 5.09 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.45%. Hasbro's payout ratio is currently 72.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. KeyCorp lowered Hasbro to a "sector weight" rating in a report on Tuesday, July 19th. Truist Financial dropped their price objective on Hasbro from $100.00 to $88.00 and set a "hold" rating on the stock in a report on Wednesday, July 20th. MKM Partners dropped their price objective on Hasbro from $118.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, July 7th. UBS Group dropped their price objective on Hasbro to $120.00 in a report on Tuesday, July 26th. Finally, DA Davidson increased their target price on shares of Hasbro from $121.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $105.70.