Hasbro (NASDAQ:HAS) Price Target Raised to $83.00

Hasbro (NASDAQ:HAS) had its price objective upped by Jefferies Financial Group from $75.00 to $83.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

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

Hasbro Stock Down 0.8 %

HAS stock opened at $71.80 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.46. The company has a fifty day simple moving average of $67.64 and a 200 day simple moving average of $61.88. The firm has a market cap of $10.00 billion, a PE ratio of -7.08, a PEG ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Sell-side analysts anticipate that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.90%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HAS. Capital Research Global Investors raised its position in Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after purchasing an additional 3,273,563 shares in the last quarter. Swedbank AB bought a new stake in Hasbro during the first quarter worth about $82,523,000. Samlyn Capital LLC grew its stake in Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after buying an additional 855,099 shares during the last quarter. AQR Capital Management LLC grew its stake in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after buying an additional 565,645 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Hasbro by 4,052.6% during the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock worth $16,300,000 after buying an additional 281,454 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.