Hasbro (NASDAQ:HAS) Price Target Raised to $90.00

Hasbro (NASDAQ:HAS) had its target price raised by Bank of America from $85.00 to $90.00 in a research report released on Monday, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley increased their price target on Hasbro from $78.00 to $79.00 and gave the company an overweight rating in a research report on Friday, July 26th. DA Davidson reiterated a neutral rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. UBS Group increased their price objective on shares of Hasbro from $68.00 to $69.00 and gave the company a buy rating in a research report on Friday, May 24th. Stifel Nicolaus lifted their price objective on shares of Hasbro from $76.00 to $78.00 and gave the stock a buy rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised Hasbro from a neutral rating to an overweight rating and increased their target price for the company from $61.00 to $74.00 in a report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $70.55.

Hasbro Stock Performance

Shares of HAS stock opened at $71.16 on Monday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The firm has a market cap of $9.91 billion, a P/E ratio of -7.02, a P/E/G ratio of 0.52 and a beta of 0.61. The firm’s 50 day moving average price is $65.00 and its 200-day moving average price is $60.42. Hasbro has a one year low of $42.66 and a one year high of $72.20.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. As a group, equities research analysts predict that Hasbro will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Institutional Trading of Hasbro

Several hedge funds have recently modified their holdings of HAS. Lindbrook Capital LLC lifted its stake in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after acquiring an additional 179 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 196 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Hasbro by 5.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after acquiring an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in Hasbro by 0.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after purchasing an additional 288 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.