Hasbro (NASDAQ:HAS) Downgraded to Buy at BidaskClub
A number of other research firms have also recently commented on HAS. BMO Capital Markets reduced their price objective on shares of Hasbro from $105.00 to $90.00 and set a market perform rating for the company in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. MKM Partners lifted their price objective on shares of Hasbro from $118.00 to $125.00 and gave the stock a buy rating in a research report on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on shares of Hasbro from $110.00 to $111.00 and gave the stock a hold rating in a research report on Tuesday, October 1st. UBS Group raised shares of Hasbro from a neutral rating to a buy rating and set a $117.00 price objective for the company in a research report on Monday, November 25th. Finally, KeyCorp reduced their price objective on shares of Hasbro from $135.00 to $110.00 and set an overweight rating for the company in a research report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Hasbro presently has an average rating of Buy and a consensus price target of $118.71.
NASDAQ:HAS opened at $104.71 on Friday. Hasbro has a 1-year low of $82.87 and a 1-year high of $126.87. The company has a current ratio of 2.33, a quick ratio of 1.93 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $103.62 and a 200 day simple moving average of $108.50. The stock has a market capitalization of $13.27 billion, a PE ratio of 50.83, a P/E/G ratio of 2.18 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Saturday, February 1st will be given a dividend of $0.68 per share. The ex-dividend date is Thursday, January 30th. This represents a $2.72 dividend on an annualized basis and a yield of 2.60%. Hasbro’s dividend payout ratio (DPR) is 70.65%.
In other news, EVP Stephen J. Davis sold 13,000 shares of Hasbro stock in a transaction on Monday, January 6th. The stock was sold at an average price of $105.06, for a total transaction of $1,365,780.00. Following the completion of the sale, the executive vice president now owns 52,238 shares of the company’s stock, valued at $5,488,124.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Doyle Wealth Management acquired a new stake in shares of Hasbro during the second quarter worth $27,000. Massey Quick Simon & CO. LLC acquired a new position in Hasbro in the third quarter valued at about $39,000. AdvisorNet Financial Inc raised its stake in Hasbro by 280.4% in the third quarter. AdvisorNet Financial Inc now owns 388 shares of the company’s stock valued at $46,000 after purchasing an additional 286 shares in the last quarter. IFP Advisors Inc raised its stake in Hasbro by 39.9% in the fourth quarter. IFP Advisors Inc now owns 410 shares of the company’s stock valued at $44,000 after purchasing an additional 117 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Hasbro by 20.5% in the third quarter. Parallel Advisors LLC now owns 623 shares of the company’s stock valued at $74,000 after purchasing an additional 106 shares in the last quarter. 85.04% of the stock is owned by institutional investors.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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