Hasbro, Inc. Plans Quarterly Dividend of $0.70 (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.70 per share on Wednesday, March 12th. This represents a $2.80 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Monday, March 3rd.

Hasbro has raised its dividend by an average of 1.0% annually over the last three years. Hasbro has a dividend payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hasbro to earn $4.98 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 56.2%.

Hasbro Price Performance

Shares of NASDAQ:HAS traded down $0.90 on Friday, reaching $65.11. 2,232,431 shares of the company were exchanged, compared to its average volume of 1,561,024. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. Hasbro has a 1-year low of $49.21 and a 1-year high of $73.46. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64. The company has a 50-day moving average of $59.26 and a 200-day moving average of $64.31.

Hasbro (NASDAQ:HAS) last posted 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Equities analysts forecast that Hasbro will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HAS. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson upped their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

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.