Hasbro, Inc. (NASDAQ:HAS) – Stock analysts at DA Davidson dropped their Q2 2019 earnings estimates for shares of Hasbro in a note issued to investors on Tuesday, February 19th. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.53 for the quarter, down from their previous forecast of $0.57.
Other equities research analysts have also recently issued reports about the company. SunTrust Banks decreased their price target on Hasbro to $96.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Monness Crespi & Hardt raised Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Monday, February 11th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Citigroup decreased their price target on Hasbro from $116.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Finally, TheStreet cut Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Hasbro presently has an average rating of “Hold” and a consensus price target of $104.40.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. Hasbro’s revenue was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.30 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s payout ratio is 65.45%.
In other Hasbro news, Director Alan G. Hassenfeld sold 302,220 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the completion of the transaction, the director now owns 30,945 shares in the company, valued at $3,018,375.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.90% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in HAS. Capital Research Global Investors boosted its position in shares of Hasbro by 31.6% during the third quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock valued at $1,468,109,000 after buying an additional 3,356,518 shares during the period. Jackson Square Partners LLC raised its stake in shares of Hasbro by 203.6% during the third quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock valued at $423,659,000 after acquiring an additional 2,702,931 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Hasbro by 7,213.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,115,671 shares in the last quarter. Capital International Investors bought a new stake in shares of Hasbro during the third quarter valued at approximately $106,820,000. Finally, Macquarie Group Ltd. raised its stake in shares of Hasbro by 207.6% during the third quarter. Macquarie Group Ltd. now owns 1,421,542 shares of the company’s stock valued at $149,433,000 after acquiring an additional 959,350 shares in the last quarter. Institutional investors and hedge funds own 86.78% of the company’s stock.
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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