Hasbro (NASDAQ:HAS) Price Target Increased to $75.00 by Analysts at Monness Crespi & Hardt

Hasbro (NASDAQ:HAS) had its target price lifted by investment analysts at Monness Crespi & Hardt from $60.00 to $75.00 in a report released on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target would suggest a potential upside of 15.33% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Roth Mkm increased their price target on shares of Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus increased their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Finally, Jefferies Financial Group increased their price target on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hasbro presently has an average rating of “Hold” and a consensus price target of $63.91.

Hasbro Stock Performance

NASDAQ HAS opened at $65.03 on Thursday. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of -6.07, a PEG ratio of 1.01 and a beta of 0.74. The company has a fifty day moving average price of $53.88 and a 200-day moving average price of $51.05.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue was down 24.3% compared to the same quarter last year. As a group, equities research analysts predict that Hasbro will post 3.26 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 company. BI Asset Management Fondsmaeglerselskab A S lifted its position in 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 purchasing an additional 215 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in 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 purchasing an additional 220 shares during the last quarter. CWM LLC lifted its position in Hasbro by 19.2% during the third quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $92,000 after purchasing an additional 224 shares during the last quarter. Teacher Retirement System of Texas lifted its position in 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 purchasing an additional 246 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Hasbro by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after acquiring an additional 300 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

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.