Published On: Sun, Sep 18th, 2016

Hasbro Inc. (HAS) Upgraded by Vetr Inc. to “Buy”

Hasbro Inc. (NASDAQ:HAS) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $85.90 price objective on the stock. Vetr‘s price target indicates a potential upside of 11.17% from the company’s current price.
A number of other research analysts also recently weighed in on the company. Piper Jaffray Cos. downgraded Hasbro from an “overweight” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Thursday, May 26th. They noted that the move was a valuation call. Jefferies Group upped their price target on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, July 13th. Citigroup Inc. upped their price target on Hasbro from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, June 6th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, MKM Partners reaffirmed a “hold” rating and set a $84.00 price target on shares of Hasbro in a research note on Tuesday, July 12th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.24.
Shares of Hasbro (NASDAQ:HAS) traded down 0.62% on Monday, hitting $77.27. The stock had a trading volume of 1,535,765 shares. The company has a 50-day moving average of $81.29 and a 200 day moving average of $82.55. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 20.25 and a beta of 1.11. Hasbro has a 52 week low of $64.91 and a 52 week high of $88.53.

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Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Hasbro will post $4.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is 53.40%.
A number of institutional investors have recently made changes to their positions in HAS. Norges Bank purchased a new position in shares of Hasbro during the fourth quarter valued at $76,832,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Hasbro by 25.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,031,634 shares of the company’s stock valued at $338,617,000 after buying an additional 808,094 shares during the period. Kleinwort Benson Investors Dublin Ltd purchased a new position in shares of Hasbro during the second quarter valued at $33,896,000. FMR LLC raised its position in shares of Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock valued at $194,644,000 after buying an additional 382,740 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Hasbro by 464.3% in the second quarter. First Trust Advisors LP now owns 458,770 shares of the company’s stock valued at $38,532,000 after buying an additional 377,471 shares during the period. 76.80% of the stock is owned by institutional investors and hedge funds.
About Hasbro
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.

To view Vetr’s full report, visit Vetr’s official website.

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