Analysts Set Hasbro, Inc. (NASDAQ:HAS) Price Target at $80.22

Hasbro, Inc. (NASDAQ:HAS) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $80.22.

A number of research analysts have recently issued reports on the company. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Roth Mkm lifted their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley reissued an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Stifel Nicolaus decreased their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd.

Hedge Funds Weigh In On Hasbro

A number of institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its holdings in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after purchasing an additional 163 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares in the last quarter. Commerce Bank lifted its position in Hasbro by 1.2% during the 4th quarter. Commerce Bank now owns 14,540 shares of the company’s stock valued at $813,000 after acquiring an additional 171 shares during the period. Itau Unibanco Holding S.A. boosted its stake in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after acquiring an additional 178 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Hasbro by 3.5% in the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock worth $301,000 after purchasing an additional 180 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

NASDAQ:HAS opened at $61.60 on Tuesday. Hasbro has a 1-year low of $54.05 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The business has a 50 day moving average of $60.84 and a 200 day moving average of $63.68. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, sell-side analysts predict that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is currently 101.82%.

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.