Hasbro, Inc. (NASDAQ:HAS – Get Rating) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,710,000 shares, an increase of 13.2% from the September 15th total of 4,160,000 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 4.0 days. Approximately 3.7% of the shares of the company are sold short.
Hasbro Price Performance
NASDAQ:HAS traded down $1.95 during trading hours on Tuesday, reaching $65.76. 3,022,454 shares of the company’s stock were exchanged, compared to its average volume of 1,206,711. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $9.08 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 3.69 and a beta of 0.80. Hasbro has a 12 month low of $65.44 and a 12 month high of $105.73. The business’s 50-day simple moving average is $75.63 and its two-hundred day simple moving average is $81.47.
Hasbro (NASDAQ:HAS – Get Rating) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.12). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Hasbro had a return on equity of 22.26% and a net margin of 8.30%. The business’s revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 earnings per share. Sell-side analysts expect that Hasbro will post 4.67 EPS for the current fiscal year.
Hasbro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, October 31st. Hasbro’s dividend payout ratio (DPR) is currently 72.16%.
Analyst Ratings Changes
Several research firms have weighed in on HAS. Truist Financial lowered their target price on shares of Hasbro from $88.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, October 5th. MKM Partners cut their target price on Hasbro from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. StockNews.com assumed coverage on shares of Hasbro in a research report on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group cut their price objective on shares of Hasbro to $120.00 in a research report on Tuesday, July 26th. Finally, Bank of America decreased their target price on shares of Hasbro from $91.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, October 5th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.18.
Institutional Investors Weigh In On Hasbro
Several hedge funds have recently made changes to their positions in HAS. Vident Investment Advisory LLC increased its holdings in shares of Hasbro by 56.5% in the 4th quarter. Vident Investment Advisory LLC now owns 56,284 shares of the company’s stock valued at $5,728,000 after purchasing an additional 20,323 shares during the period. Tyler Stone Wealth Management acquired a new position in Hasbro in the 4th quarter valued at approximately $32,000. BlackRock Inc. lifted its position in Hasbro by 7.8% in the 4th quarter. BlackRock Inc. now owns 12,434,068 shares of the company’s stock worth $1,265,539,000 after buying an additional 896,250 shares in the last quarter. JustInvest LLC boosted its stake in shares of Hasbro by 101.6% during the 4th quarter. JustInvest LLC now owns 16,031 shares of the company’s stock valued at $1,632,000 after buying an additional 8,081 shares during the period. Finally, Evergreen Capital Management LLC acquired a new position in shares of Hasbro in the fourth quarter worth $4,072,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.
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Read More: Short Interest in Hasbro, Inc. (NASDAQ:HAS) Expands By 13.2%