Hasbro (NASDAQ:HAS) Raised to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Hasbro (NASDAQ:HAS) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

A number of other research analysts also recently commented on HAS. MKM Partners increased their target price on shares of Hasbro from $123.00 to $126.00 and gave the company a buy rating in a research report on Wednesday, July 24th. Argus raised shares of Hasbro from a hold rating to a buy rating and set a $145.00 target price on the stock in a research report on Friday, July 26th. DA Davidson reaffirmed a buy rating on shares of Hasbro in a research report on Friday, August 23rd. KeyCorp increased their target price on shares of Hasbro from $115.00 to $135.00 and gave the company an overweight rating in a research report on Monday, July 29th. Finally, Wells Fargo & Co increased their target price on shares of Hasbro from $95.00 to $111.00 and gave the company a market perform rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $122.77.

NASDAQ HAS opened at $120.92 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.64 and a quick ratio of 2.11. The firm’s fifty day moving average price is $113.58 and its 200 day moving average price is $102.46. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06. Hasbro has a 12 month low of $76.84 and a 12 month high of $126.87.



Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.27. The firm had revenue of $984.54 million for the quarter, compared to the consensus estimate of $958.91 million. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, sell-side analysts forecast that Hasbro will post 4.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, October 31st. Hasbro’s dividend payout ratio is currently 70.65%.

A number of large investors have recently modified their holdings of HAS. Geode Capital Management LLC boosted its stake in Hasbro by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock worth $141,722,000 after purchasing an additional 109,854 shares during the period. Toronto Dominion Bank boosted its stake in Hasbro by 13.7% during the 1st quarter. Toronto Dominion Bank now owns 92,377 shares of the company’s stock worth $7,852,000 after purchasing an additional 11,164 shares during the period. CIBC Asset Management Inc boosted its stake in Hasbro by 2.9% during the 1st quarter. CIBC Asset Management Inc now owns 20,257 shares of the company’s stock worth $1,722,000 after purchasing an additional 579 shares during the period. Moors & Cabot Inc. acquired a new stake in Hasbro during the 1st quarter worth $226,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Hasbro by 4.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 56,992 shares of the company’s stock worth $4,845,000 after purchasing an additional 2,226 shares during the period. Hedge funds and other institutional investors own 86.40% of the company’s stock.

About Hasbro

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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