Hasbro, Inc. (NASDAQ:HAS) – DA Davidson cut their Q3 2019 earnings estimates for shares of Hasbro in a research report issued on Wednesday, April 24th. DA Davidson analyst L. Weiser now expects that the company will earn $2.27 per share for the quarter, down from their prior forecast of $2.29. DA Davidson has a “Buy” rating and a $120.00 price target on the stock. DA Davidson also issued estimates for Hasbro’s FY2019 earnings at $4.55 EPS and FY2020 earnings at $5.20 EPS.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The firm had revenue of $732.51 million during the quarter, compared to analysts’ expectations of $665.96 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 2.3% on a year-over-year basis.
Shares of NASDAQ HAS opened at $102.59 on Friday. Hasbro has a 52-week low of $76.84 and a 52-week high of $109.60. The company has a quick ratio of 2.07, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90.
Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in Hasbro by 1.4% during the fourth quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock worth $15,871,000 after acquiring an additional 2,652 shares in the last quarter. LGT Capital Partners LTD. lifted its stake in shares of Hasbro by 13.2% in the fourth quarter. LGT Capital Partners LTD. now owns 187,200 shares of the company’s stock valued at $15,210,000 after buying an additional 21,900 shares in the last quarter. First Hawaiian Bank lifted its stake in shares of Hasbro by 2.4% in the fourth quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock valued at $579,000 after buying an additional 165 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hasbro by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock valued at $241,773,000 after buying an additional 701,535 shares in the last quarter. Finally, BTIM Corp. lifted its stake in shares of Hasbro by 28.6% in the fourth quarter. BTIM Corp. now owns 35,114 shares of the company’s stock valued at $2,853,000 after buying an additional 7,800 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 2.65%. Hasbro’s dividend payout ratio is 65.45%.
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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