Hasbro (NASDAQ:HAS) Hits New 1-Year Low – Time to Sell?

Hasbro, Inc. (NASDAQ:HAS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $53.81 and last traded at $54.63, with a volume of 1712919 shares changing hands. The stock had previously closed at $62.69.

Analyst Ratings Changes

A number of analysts have recently commented on HAS shares. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus reduced their price objective on 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 target price 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. Finally, StockNews.com raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Price Performance

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 stock’s fifty day moving average is $61.45 and its 200-day moving average is $63.41. The stock has a market cap of $7.67 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 5.09%. Hasbro’s dividend payout ratio is currently 101.82%.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its position in shares of Hasbro by 2.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 31,043 shares of the company’s stock valued at $1,909,000 after acquiring an additional 793 shares during the last quarter. Wellington Management Group LLP increased its holdings in Hasbro by 27.7% in the 4th quarter. Wellington Management Group LLP now owns 54,403 shares of the company’s stock valued at $3,042,000 after purchasing an additional 11,811 shares during the last quarter. 111 Capital acquired a new stake in Hasbro in the 4th quarter valued at approximately $281,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hasbro in the fourth quarter valued at approximately $7,926,000. Finally, Jefferies Financial Group Inc. lifted its stake in Hasbro by 11.6% during the fourth quarter. Jefferies Financial Group Inc. now owns 11,943 shares of the company’s stock worth $668,000 after purchasing an additional 1,243 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

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.