Hasbro (NASDAQ:HAS) Price Target Raised to $90.00

Hasbro (NASDAQ:HAS) had its price target lifted by equities researchers at Bank of America from $85.00 to $90.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 27.80% from the company’s current price.

HAS has been the subject of several other research reports. Stifel Nicolaus boosted their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and upped their target price for the company from $61.00 to $74.00 in a report on Thursday, May 23rd. DA Davidson restated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Morgan Stanley upped their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, UBS Group upped their target price on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.55.

Hasbro Stock Performance

Shares of HAS stock opened at $70.42 on Monday. 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 has a fifty-two week low of $42.66 and a fifty-two week high of $71.33. The stock has a 50 day moving average price of $64.72 and a two-hundred day moving average price of $60.34. The company has a market capitalization of $9.80 billion, a P/E ratio of -6.94, a PEG ratio of 0.52 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue was down 17.7% on a year-over-year basis. Analysts expect that Hasbro will post 3.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HAS. Capital Research Global Investors raised its stake in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after buying an additional 3,273,563 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hasbro by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after buying an additional 135,548 shares during the period. Samlyn Capital LLC raised its stake in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after buying an additional 855,099 shares during the period. Swedbank AB bought a new position in shares of Hasbro in the first quarter worth about $82,523,000. Finally, Norges Bank bought a new stake in Hasbro during the 4th quarter valued at approximately $70,544,000. 91.83% of the stock is owned by hedge funds and other 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.