Shares of Hasbro, Inc. (NASDAQ:HAS – Get Free Report) hit a new 52-week high during trading on Tuesday after Jefferies Financial Group raised their price target on the stock from $75.00 to $83.00. Jefferies Financial Group currently has a buy rating on the stock. Hasbro traded as high as $73.46 and last traded at $72.57, with a volume of 78674 shares changing hands. The stock had previously closed at $72.32.
Other equities analysts have also recently issued research reports about the stock. DA Davidson reiterated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Stifel Nicolaus upped their price target on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America upped their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.36.
View Our Latest Research Report on Hasbro
Institutional Investors Weigh In On Hasbro
Hasbro Stock Performance
The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The business’s fifty day simple moving average is $67.43 and its 200-day simple moving average is $61.81. The firm has a market capitalization of $10.07 billion, a PE ratio of -7.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.
Hasbro (NASDAQ:HAS – Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. As a group, equities research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.
Hasbro Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.87%. Hasbro’s dividend payout ratio is currently -27.61%.
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.
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