Hasbro Inc. (NASDAQ:HAS) released its earnings results on Monday. The company reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.29. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.55 billion. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. Hasbro’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share.
Hasbro (NASDAQ:HAS) opened at 81.82 on Tuesday. Hasbro has a 1-year low of $64.91 and a 1-year high of $88.53. The company has a market cap of $10.26 billion, a PE ratio of 21.44 and a beta of 1.00. The stock’s 50 day moving average price is $79.71 and its 200-day moving average price is $82.66.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.49%. Hasbro’s dividend payout ratio is 53.40%.
Several brokerages have recently commented on HAS. Jefferies Group boosted their price objective on Hasbro from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, July 13th. Vetr downgraded Hasbro from a “buy” rating to a “hold” rating and set a $88.94 price objective on the stock. in a research report on Monday, June 20th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. MKM Partners reaffirmed a “hold” rating and issued a $84.00 target price on shares of Hasbro in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. raised Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 target price on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.90.
Several large investors have recently bought and sold shares of HAS. Pictet Asset Management Ltd. raised its position in shares of Hasbro by 3.7% in the first quarter. Pictet Asset Management Ltd. now owns 156,614 shares of the company’s stock worth $11,882,000 after buying an additional 5,600 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of Hasbro by 1.4% in the first quarter. Quadrature Capital Ltd now owns 33,909 shares of the company’s stock worth $2,716,000 after buying an additional 464 shares in the last quarter. Scotia Capital Inc. bought a new position in shares of Hasbro during the first quarter worth $204,000. UBS Group AG raised its position in shares of Hasbro by 1,805.6% in the first quarter. UBS Group AG now owns 103,855 shares of the company’s stock worth $8,319,000 after buying an additional 109,944 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Hasbro during the first quarter worth $272,000. 76.78% of the stock is currently owned by institutional investors and hedge funds.
Hasbro Company Profile