Hasbro, Inc. (NASDAQ:HAS) Receives $66.27 Average Price Target from Brokerages

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $68.17.

Several equities research analysts have recently issued reports on HAS shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $77.00 target price on shares of Hasbro in a report on Monday, May 20th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Stifel Nicolaus lifted their target price on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $61.00 to $74.00 in a research report on Thursday. Finally, DA Davidson lifted their price target on Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th.

Hasbro Trading Up 0.5 %

NASDAQ:HAS opened at $60.66 on Wednesday. Hasbro has a one year low of $42.66 and a one year high of $73.57. The business has a fifty day moving average price of $58.45 and a 200-day moving average price of $52.38. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of -5.98, a price-to-earnings-growth ratio of 0.96 and a beta of 0.67. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. Hasbro’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. Sell-side analysts forecast that Hasbro will post 3.66 EPS for the current year.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently made changes to their positions in the business. Lindbrook Capital LLC increased its position in shares of Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after purchasing an additional 167 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Hasbro by 5.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after buying an additional 215 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Hasbro by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock valued at $3,905,000 after buying an additional 220 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Hasbro by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after buying an additional 246 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Hasbro by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after buying an additional 299 shares during 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.