Morgan Stanley Reaffirms “Overweight” Rating for Hasbro (NASDAQ:HAS)

Morgan Stanley reaffirmed their overweight rating on shares of Hasbro (NASDAQ:HAS) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $84.00 price objective on the stock, down from their prior price objective of $88.00.

Other analysts have also issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson lifted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Hasbro Stock Performance

Hasbro stock opened at $67.56 on Friday. Hasbro has a 12-month low of $48.63 and a 12-month high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of -14.56, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64. The firm’s fifty day moving average price is $58.31 and its 200 day moving average price is $64.17.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. On average, research analysts forecast that Hasbro will post 3.88 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.14%. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in Hasbro in the fourth quarter worth about $25,000. Allworth Financial LP grew its stake in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. Blue Trust Inc. raised its holdings in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Hasbro during the 3rd quarter worth approximately $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Hasbro in the 3rd quarter valued at $40,000. 91.83% of the stock is owned by institutional investors.

Hasbro Company Profile

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.