Hasbro Started as a “Conviction Buy” at Goldman Sachs (HAS)

By Dividend.com Staff,

Shutterstock photo

Toy maker Hasbro, Inc. ( HAS ) saw its coverage initiated with a "Conviction Buy" rating on Tuesday by analysts at Goldman Sachs.

The firm also set a $56 price target on HAS stock, which had closed at $40.12 on Monday.

Goldman noted that recent toy sales have accelerated, profit in the industry is rising, and that valuations have remained relatively low at a 5-10% discount to the S&P average. The analyst also pointed to the third "Transformers" movie, a recently-won Sesame Street license, and a recent share buyback as catalysts to drive Hasbro higher.

Hasbro shares were mostly flat in premarket trading Tuesday.

The Bottom Line
We have been recommending shares of HAS since Feb.8, when the stock was trading at $30.80. The company has a 2.49% dividend yield, based on last night's closing stock price of $40.12.

Hasbro, Inc. ( HAS ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: HAS

More from Dividend.com



Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com