Hasbro (NASDAQ:HAS) Hits New 1-Year High Following Analyst Upgrade

Shares of Hasbro, Inc. (NASDAQ:HAS) hit a new 52-week high during trading on Tuesday after Jefferies Financial Group raised their price target on the stock from $75.00 to $83.00. Jefferies Financial Group currently has a buy rating on the stock. Hasbro traded as high as $73.46 and last traded at $72.57, with a volume of 78674 shares changing hands. The stock had previously closed at $72.32.

Other equities analysts have also recently issued research reports about the stock. DA Davidson reiterated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Stifel Nicolaus upped their price target on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America upped their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.36.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAS. Commonwealth Equity Services LLC grew its holdings in Hasbro by 77.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock valued at $2,750,000 after buying an additional 21,204 shares in the last quarter. Intech Investment Management LLC grew its holdings in Hasbro by 351.7% during the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock valued at $1,380,000 after buying an additional 19,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Hasbro by 95.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after buying an additional 19,113 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Hasbro by 7.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after buying an additional 10,961 shares in the last quarter. Finally, Dean Capital Management purchased a new stake in Hasbro during the 4th quarter valued at approximately $767,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The business’s fifty day simple moving average is $67.43 and its 200-day simple moving average is $61.81. The firm has a market capitalization of $10.07 billion, a PE ratio of -7.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. As a group, equities research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. Hasbro’s dividend payout ratio is currently -27.61%.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.