Hasbro (NASDAQ:HAS) PT Raised to $70.00

Hasbro (NASDAQ:HAS) had its target price boosted by investment analysts at Bank of America from $60.00 to $70.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s target price would suggest a potential upside of 8.58% from the stock’s previous close.

Other analysts also recently issued reports about the company. Jefferies Financial Group increased their price target on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Roth Mkm raised their target price on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Monness Crespi & Hardt raised their target price on Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus raised their target price on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.73.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $64.47 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The business has a fifty day simple moving average of $54.43 and a 200 day simple moving average of $51.18.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same period last year, the business posted $0.01 EPS. The business’s revenue was down 24.3% compared to the same quarter last year. On average, equities research analysts predict that Hasbro will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Hasbro

Hedge funds have recently modified their holdings of the company. Studio Investment Management LLC bought a new position in shares of Hasbro during the 3rd quarter worth approximately $26,000. ING Groep NV bought a new position in shares of Hasbro during the 3rd quarter worth approximately $29,000. Lindbrook Capital LLC lifted its position in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after purchasing an additional 408 shares during the period. Finally, Orion Capital Management LLC bought a new stake in shares of Hasbro in the 3rd quarter worth approximately $37,000. Institutional investors own 91.83% of the company’s stock.

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.