Bank of America Boosts Hasbro (NASDAQ:HAS) Price Target to $95.00

Hasbro (NASDAQ:HAS) had its price objective upped by Bank of America from $90.00 to $95.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on HAS. DA Davidson reaffirmed a “neutral” rating and set a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus increased their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley increased their price target on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average target price of $73.18.

Hasbro Price Performance

HAS stock opened at $72.94 on Tuesday. The company has a market capitalization of $10.15 billion, a PE ratio of -7.19, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company’s fifty day moving average price is $69.41 and its 200-day moving average price is $63.15. Hasbro has a one year low of $42.66 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue was down 17.7% on a year-over-year basis. On average, equities analysts anticipate that Hasbro will post 3.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the last quarter. Samlyn Capital LLC lifted its holdings in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares in the last quarter. Swedbank AB purchased a new stake in Hasbro in the 1st quarter valued at about $82,523,000. Point72 Asset Management L.P. grew its stake in Hasbro by 43.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock worth $41,407,000 after acquiring an additional 213,664 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the period. 91.83% of the stock is owned by institutional investors.

About Hasbro

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.