BidaskClub upgraded shares of Hasbro (NASDAQ:HAS) from a sell rating to a hold rating in a research note released on Friday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hasbro from a hold rating to a buy rating and set a $110.00 price target on the stock in a research note on Wednesday, September 6th. Jefferies Group reiterated a buy rating and issued a $125.00 price target on shares of Hasbro in a research note on Thursday, August 31st. Goldman Sachs Group reissued a buy rating and issued a $118.00 target price on shares of Hasbro in a research report on Monday, October 2nd. DA Davidson reissued a buy rating and issued a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. Finally, KeyCorp reissued a buy rating and issued a $105.00 target price on shares of Hasbro in a research report on Tuesday, October 24th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Hasbro presently has a consensus rating of Hold and a consensus target price of $105.99.

Hasbro (NASDAQ:HAS) opened at $94.07 on Friday. The stock has a market cap of $11,716.98, a PE ratio of 20.06, a P/E/G ratio of 1.88 and a beta of 0.86. Hasbro has a one year low of $77.20 and a one year high of $116.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. Hasbro’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.03 EPS. analysts expect that Hasbro will post 5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, January 31st. Hasbro’s payout ratio is currently 48.72%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Hasbro by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after purchasing an additional 695,231 shares during the last quarter. BlackRock Inc. increased its holdings in Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock worth $1,101,787,000 after acquiring an additional 700,898 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Hasbro by 2.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,841,298 shares of the company’s stock worth $277,509,000 after acquiring an additional 73,378 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hasbro by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock worth $226,136,000 after acquiring an additional 137,568 shares in the last quarter. Finally, FMR LLC boosted its stake in Hasbro by 70.2% in the 2nd quarter. FMR LLC now owns 2,104,131 shares of the company’s stock worth $234,631,000 after purchasing an additional 868,073 shares during the period. 79.83% of the stock is owned by hedge funds and other institutional investors.

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Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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