Brokerages Set Hasbro, Inc. (NASDAQ:HAS) Price Target at $113.14

Shares of Hasbro, Inc. (NASDAQ:HAS) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $113.1429.

Several analysts have issued reports on HAS shares. Weiss Ratings downgraded shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Zacks Research raised shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Citigroup lowered their price objective on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Wells Fargo & Company lowered their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 9th. Finally, Bank of America increased their price objective on shares of Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 21st.

Institutional Trading of Hasbro

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Hasbro by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after buying an additional 453,038 shares in the last quarter. State Street Corp grew its position in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after buying an additional 1,399,499 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after buying an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 1.3%

NASDAQ HAS opened at $84.99 on Thursday. Hasbro has a one year low of $67.11 and a one year high of $106.98. The company’s 50 day moving average price is $90.96 and its 200 day moving average price is $90.31. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of -51.20, a PEG ratio of 2.05 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the firm posted $1.04 earnings per share. Hasbro’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts predict that Hasbro will post 6.01 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.3%. Hasbro’s dividend payout ratio (DPR) is -168.67%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.