Hasbro (NASDAQ:HAS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hasbro (NASDAQ:HAS) from a hold rating to a buy rating in a research note published on Tuesday.

HAS has been the subject of a number of other research reports. Roth Mkm raised 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 restated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson upped their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Trading Down 0.2 %

Hasbro stock opened at $61.38 on Tuesday. The stock has a 50-day simple moving average of $61.11 and a 200 day simple moving average of $63.61. The stock has a market capitalization of $8.56 billion, a P/E ratio of 22.32, a PEG ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro has a 52 week low of $54.26 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Analysts expect that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.56%. Hasbro’s payout ratio is 101.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after buying an additional 2,427,299 shares in the last quarter. Norges Bank bought a new position in Hasbro in the fourth quarter valued at about $96,359,000. Invesco Ltd. lifted its holdings in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after acquiring an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company’s stock valued at $147,791,000 after purchasing an additional 507,054 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.