Hasbro (HAS) Now Covered by B. Riley

B. Riley began coverage on shares of Hasbro (NASDAQ:HAS) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $108.00 price target on the stock. B. Riley also issued estimates for Hasbro’s FY2019 earnings at $5.65 EPS.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Hasbro from a hold rating to a buy rating and set a $110.00 target price for the company in a research report on Wednesday, September 6th. Jefferies Group reissued a buy rating and set a $125.00 target price on shares of Hasbro in a research report on Thursday, August 31st. Goldman Sachs Group reissued a buy rating and set a $118.00 target price on shares of Hasbro in a research report on Monday, October 2nd. DA Davidson reissued a buy rating and set a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. Finally, KeyCorp reissued a buy rating and set a $105.00 target price on shares of Hasbro in a research report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $105.81.

Hasbro (NASDAQ:HAS) opened at $93.54 on Thursday. Hasbro has a 52 week low of $77.20 and a 52 week high of $116.20. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $11,740.00, a P/E ratio of 19.94, a PEG ratio of 1.86 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. analysts expect that Hasbro will post 5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.44%. The ex-dividend date is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently 48.61%.

Large investors have recently modified their holdings of the business. Janus Henderson Group PLC increased its position in shares of Hasbro by 13,379.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,927,901 shares of the company’s stock valued at $214,980,000 after purchasing an additional 1,913,599 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Hasbro by 311.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after buying an additional 1,648,675 shares in the last quarter. FMR LLC grew its holdings in Hasbro by 70.2% during the 2nd quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after buying an additional 868,073 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Hasbro by 308.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,036,952 shares of the company’s stock valued at $115,581,000 after buying an additional 782,881 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Hasbro by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after buying an additional 700,898 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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