Hasbro (NASDAQ:HAS) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research note published on Wednesday morning.

Other equities analysts have also issued reports about the company. Bank of America upped their target price on Hasbro from $51.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday, April 18th. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Roth Mkm boosted their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, April 8th. Jefferies Financial Group upped their target price on shares of Hasbro from $61.00 to $63.00 and gave the stock a buy rating in a report on Friday, April 19th. Finally, Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research note on Monday, April 15th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $62.80.

Hasbro Trading Up 11.9 %

NASDAQ:HAS opened at $65.03 on Wednesday. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of -6.07, a PEG ratio of 0.97 and a beta of 0.74. The firm has a fifty day simple moving average of $53.88 and a two-hundred day simple moving average of $51.05.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same period last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. Analysts expect that Hasbro will post 3.26 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently -26.12%.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently modified their holdings of HAS. Krilogy Financial LLC bought a new position in Hasbro in the 1st quarter valued at $940,000. Simplicity Wealth LLC bought a new position in Hasbro during the first quarter valued at about $538,000. IRON Financial LLC grew its position in Hasbro by 46.3% during the first quarter. IRON Financial LLC now owns 13,878 shares of the company’s stock valued at $784,000 after buying an additional 4,393 shares during the period. Rice Hall James & Associates LLC purchased a new stake in Hasbro during the first quarter worth about $201,000. Finally, WASHINGTON TRUST Co raised its position in Hasbro by 13.6% in the first quarter. WASHINGTON TRUST Co now owns 102,422 shares of the company’s stock worth $5,789,000 after acquiring an additional 12,297 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

About Hasbro

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.