Hasbro (NASDAQ:HAS) PT Raised to $95.00 at Bank of America

Hasbro (NASDAQ:HAS) had its target price increased by equities research analysts at Bank of America from $90.00 to $95.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 32.66% from the company’s current price.

Several other research firms have also commented on HAS. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. 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 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 report on Friday, July 26th. Finally, Stifel Nicolaus increased their price target 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.18.

Hasbro Trading Down 0.0 %

Shares of Hasbro stock opened at $71.61 on Tuesday. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The stock has a market cap of $9.97 billion, a PE ratio of -7.06, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company has a 50-day moving average of $69.08 and a two-hundred day moving average of $62.98.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, research analysts anticipate that Hasbro will post 3.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Hasbro

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Hasbro by 77.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock valued at $2,750,000 after purchasing an additional 21,204 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Hasbro by 351.7% in the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock valued at $1,380,000 after purchasing an additional 19,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hasbro by 95.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after purchasing an additional 19,113 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Hasbro by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after acquiring an additional 10,961 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Hasbro by 43.0% in the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after acquiring an additional 8,280 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.