Recent Financial Analyst Ratings Updates for Hasbro (HAS)

Several analysts recently updated their ratings and price targets to Hasbro (NASDAQ: A):

  • 07/21/2022 – Hasbro had its price target lowered by BMO Capital Markets analysts from $85.00 to $80.00.
  • 07/20/2022 – Hasbro has had its price target lowered by analysts at Truist Financial Co. from $100.00 to $88.00. They now have a “holding” rating on the title.
  • 07/19/2022 – Hasbro has been downgraded by KeyCorp analysts to a “sector weight” rating.
  • 07/15/2022 – Hasbro had its price target lowered by analysts at Jefferies Financial Group Inc. from $115.00 to $100.00.
  • 7/7/2022 – Hasbro had its price target lowered by analysts at MKM Partners from $118.00 to $105.00. They now have a “buy” rating on the stock.

Hasbro is trading down 3.0%

NASDAQ: Opened at $78.66 on Tuesday. The company has a market capitalization of $10.97 billion, a P/E ratio of 20.27 and a beta of 0.84. The company has a fifty-day simple moving average of $83.94 and a 200-day simple moving average of $88.68. Hasbro, Inc. has a 12-month low of $77.11 and a 12-month high of $105.73. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt ratio of 1.24.

Hasbro (NASDAQ:HAS – Get Rating) last released its results on Tuesday, July 19. The company reported earnings per share (EPS) of $1.15 for the quarter, beating consensus analyst estimates of $0.94 by $0.21. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The company posted revenue of $1.34 billion in the quarter, versus a consensus estimate of $1.37 billion. During the same period a year earlier, the company posted earnings per share of $1.05. The company’s quarterly revenue increased 1.3% year over year. On average, stock research analysts expect Hasbro, Inc. to post earnings per share of 5.09 for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15. Investors of record on Monday August 1 will receive a dividend of $0.70 per share. The ex-dividend date is Friday, July 29. This represents an annualized dividend of $2.80 and a yield of 3.56%. Hasbro’s dividend payout ratio is currently 72.16%.

Hedge funds weigh on Hasbro

Several large investors have recently changed their positions in HAS. Jones Financial Companies Lllp increased its position in Hasbro shares by 115.3% in Q1. Jones Financial Companies Lllp now owns 310 shares of the company valued at $25,000 after buying an additional 166 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in Hasbro to 60.9% in Q1. Carolinas Wealth Consulting LLC now owns 309 shares of the company valued at $25,000 after acquiring 117 additional shares in the last quarter. GHP Investment Advisors Inc. bought a new position in Hasbro during Q1 worth approximately $26,000. JFS Wealth Advisors LLC increased its stake in Hasbro by 139.1% during the 1st quarter. JFS Wealth Advisors LLC now owns 318 shares of the company valued at $26,000 after acquiring 185 additional shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings of Hasbro stock by 116.2% in the first quarter. Clearstead Advisors LLC now owns 320 shares of the company worth $26,000 after purchasing an additional 172 shares in the last quarter. 75.35% of the shares are currently held by institutional investors and hedge funds.

Hasbro, Inc, together with its subsidiaries, operates as a games and entertainment company. Its Consumer Products segment is engaged in the sourcing, marketing and sales of toys and games. This segment also promotes its brands through the licensing of trademarks, characters and other trademark and intellectual property rights to third parties through the sale of branded consumer products, such as toys and clothes.

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