Hasbro, Inc. (NASDAQ:HAS) Receives $89.39 Average Price Target from Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have received an average recommendation of “Hold” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $89.39.

Several analysts recently weighed in on HAS shares. DA Davidson dropped their price objective on Hasbro from $130.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Co dropped their price objective on Hasbro from $76.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus dropped their price objective on Hasbro from $86.00 to $71.00 and set a “hold” rating for the company in a research report on Friday, April 3rd. BMO Capital Markets dropped their price objective on Hasbro from $95.00 to $84.00 and set a “market perform” rating for the company in a research report on Tuesday, March 3rd. Finally, UBS Group lowered their target price on Hasbro from $117.00 to $107.00 and set a “buy” rating for the company in a report on Tuesday, May 26th.

Shares of HAS stock traded up $0.73 on Friday, hitting $74.52. 17,924 shares of the company’s stock were exchanged, compared to its average volume of 1,176,601. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.91 and a quick ratio of 1.65. Hasbro has a 12 month low of $41.33 and a 12 month high of $126.87. The stock has a market cap of $10.02 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96. The company has a 50 day moving average of $72.03 and a 200 day moving average of $82.47.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Hasbro had a return on equity of 24.71% and a net margin of 8.33%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. Hasbro’s quarterly revenue was up 50.9% compared to the same quarter last year. Sell-side analysts predict that Hasbro will post 3.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.68 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.72 annualized dividend and a dividend yield of 3.65%. Hasbro’s payout ratio is 66.67%.

Hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in Hasbro by 645.3% during the fourth quarter. FMR LLC now owns 489,842 shares of the company’s stock worth $51,732,000 after purchasing an additional 424,121 shares during the period. AQR Capital Management LLC grew its stake in Hasbro by 50.5% during the fourth quarter. AQR Capital Management LLC now owns 1,136,639 shares of the company’s stock worth $120,040,000 after purchasing an additional 381,625 shares during the period. Blair William & Co. IL grew its stake in Hasbro by 6.7% during the fourth quarter. Blair William & Co. IL now owns 5,332 shares of the company’s stock worth $563,000 after purchasing an additional 333 shares during the period. Mackenzie Financial Corp grew its stake in Hasbro by 13.2% during the first quarter. Mackenzie Financial Corp now owns 4,263 shares of the company’s stock worth $305,000 after purchasing an additional 496 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Hasbro by 8.0% during the first quarter. State of Alaska Department of Revenue now owns 62,758 shares of the company’s stock worth $4,490,000 after purchasing an additional 4,673 shares during the period. 80.95% of the stock is owned by institutional investors.

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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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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