Analysts Set Hasbro, Inc. (HAS) Target Price at $103.43

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $103.43.

A number of equities research analysts have recently commented on the company. BidaskClub cut Hasbro from a “sell” rating to a “strong sell” rating in a research note on Friday, March 15th. ValuEngine cut Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. MKM Partners cut their target price on Hasbro to $102.00 and set a “buy” rating on the stock in a research note on Friday, January 18th. KeyCorp set a $110.00 target price on Hasbro and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, BMO Capital Markets cut their target price on Hasbro from $76.00 to $75.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 26th.

Several institutional investors have recently added to or reduced their stakes in the stock. Cardinal Capital Management lifted its holdings in Hasbro by 4.8% in the first quarter. Cardinal Capital Management now owns 58,193 shares of the company’s stock valued at $4,947,000 after acquiring an additional 2,661 shares during the period. NuWave Investment Management LLC lifted its holdings in Hasbro by 1,051.7% in the first quarter. NuWave Investment Management LLC now owns 3,432 shares of the company’s stock valued at $292,000 after acquiring an additional 3,134 shares during the period. DNB Asset Management AS lifted its holdings in Hasbro by 103.3% in the first quarter. DNB Asset Management AS now owns 28,642 shares of the company’s stock valued at $2,435,000 after acquiring an additional 14,554 shares during the period. Webster Bank N. A. bought a new position in Hasbro in the first quarter valued at about $475,000. Finally, 6 Meridian lifted its holdings in Hasbro by 7.4% in the first quarter. 6 Meridian now owns 5,445 shares of the company’s stock valued at $463,000 after acquiring an additional 375 shares during the period. 89.74% of the stock is currently owned by institutional investors.

HAS stock traded up $0.25 during midday trading on Thursday, hitting $85.85. The stock had a trading volume of 505,822 shares, compared to its average volume of 1,209,261. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.85 and a beta of 0.90. 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 2.42 and a debt-to-equity ratio of 0.97.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.35). The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. Hasbro’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. Equities research analysts expect that Hasbro will post 4.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend 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 3.17%. Hasbro’s dividend payout ratio (DPR) is 65.45%.

Hasbro Company Profile

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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