Analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of Hasbro, Inc. (NASDAQ:HAS) in a research note issued on Monday. The firm set a “buy” rating on the stock.
HAS has been the topic of several other research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Hasbro in a research note on Tuesday, January 31st. Piper Jaffray Companies cut shares of Hasbro from an “overweight” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research note on Monday, November 28th. They noted that the move was a valuation call. Monness Crespi & Hardt cut shares of Hasbro from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $84.00 to $86.76 in a research note on Thursday, January 26th. Barclays PLC lifted their price objective on shares of Hasbro from $87.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Hasbro from $81.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 7th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and an average price target of $87.31.
Shares of Hasbro (NASDAQ:HAS) traded up 0.20% during trading on Monday, reaching $98.00. 61,692 shares of the company traded hands. The firm has a 50-day moving average price of $85.36 and a 200-day moving average price of $82.74. Hasbro has a 12 month low of $71.20 and a 12 month high of $98.76. The firm has a market capitalization of $12.24 billion, a PE ratio of 22.58 and a beta of 0.77.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, February 6th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.37. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hasbro had a net margin of 10.98% and a return on equity of 33.18%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. Equities research analysts anticipate that Hasbro will post $4.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.33%. This is a boost from Hasbro’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, April 27th. Hasbro’s dividend payout ratio (DPR) is presently 47.00%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lansdowne Partners UK LLP bought a new stake in Hasbro during the fourth quarter valued at approximately $108,929,000. Capital World Investors boosted its stake in Hasbro by 38.9% in the third quarter. Capital World Investors now owns 4,893,373 shares of the company’s stock valued at $388,191,000 after buying an additional 1,371,500 shares in the last quarter. Boston Partners bought a new stake in Hasbro during the third quarter valued at approximately $77,211,000. BlackRock Institutional Trust Company N.A. boosted its stake in Hasbro by 17.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,739,144 shares of the company’s stock valued at $375,956,000 after buying an additional 707,510 shares in the last quarter. Finally, Congress Asset Management Co. MA bought a new stake in Hasbro during the fourth quarter valued at approximately $45,989,000. Institutional investors own 79.72% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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