Hasbro (NASDAQ:HAS) Trading Down 8.9%

Hasbro, Inc. (NASDAQ:HAS)’s stock price traded down 8.9% on Friday . The company traded as low as $103.76 and last traded at $104.13, 2,047,796 shares were traded during trading. An increase of 77% from the average session volume of 1,154,818 shares. The stock had previously closed at $114.35.

HAS has been the subject of several recent analyst reports. Barclays increased their price objective on Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. TheStreet raised Hasbro from a “c+” rating to a “b-” rating in a report on Friday, May 10th. KeyCorp increased their price objective on Hasbro from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, July 29th. SunTrust Banks increased their price objective on Hasbro to $118.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price objective on Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a report on Monday, July 15th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Hasbro presently has a consensus rating of “Buy” and a consensus target price of $122.17.

The company has a market cap of $14.44 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.11 and a current ratio of 2.64. The firm has a fifty day moving average price of $113.53 and a 200 day moving average price of $99.19.



Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.51 by $0.27. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The company had revenue of $984.54 million during the quarter, compared to the consensus estimate of $958.91 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 4.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, October 31st. Hasbro’s dividend payout ratio is 70.65%.

A number of institutional investors have recently made changes to their positions in HAS. Doyle Wealth Management bought a new position in Hasbro during the 2nd quarter worth $27,000. SRS Capital Advisors Inc. bought a new position in Hasbro during the 2nd quarter worth $30,000. Kempen Capital Management N.V. bought a new position in shares of Hasbro in the second quarter worth $33,000. Cullen Frost Bankers Inc. bought a new position in shares of Hasbro in the first quarter worth $29,000. Finally, Kavar Capital Partners LLC bought a new position in shares of Hasbro in the second quarter worth $37,000. 86.64% of the stock is owned by institutional investors and hedge funds.

About Hasbro (NASDAQ:HAS)

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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