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

Hasbro (NASDAQ:HAS) had its target price upped by Bank of America from $90.00 to $95.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on HAS. DA Davidson reiterated a neutral rating and set a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Morgan Stanley lifted their target price 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. Jefferies Financial Group lifted their target price 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. Finally, Stifel Nicolaus boosted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a buy rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $73.18.

Hasbro Price Performance

HAS stock opened at $71.64 on Tuesday. The firm has a 50 day moving average of $68.91 and a 200-day moving average of $62.92. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.46. The firm has a market capitalization of $9.97 billion, a P/E ratio of -7.07, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 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 analyst estimates of $941.38 million. During the same period last year, the business earned $0.49 earnings per share. Hasbro’s revenue was down 17.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Wednesday, August 21st. Hasbro’s payout ratio is -27.61%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Swedbank AB purchased a new position in Hasbro during the 1st quarter valued at $82,523,000. Samlyn Capital LLC increased its position in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after purchasing an additional 855,099 shares during the period. AQR Capital Management LLC increased its position in Hasbro by 469.4% during the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the period. SG Americas Securities LLC increased its position in Hasbro by 4,052.6% during the 1st quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after purchasing an additional 281,454 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in Hasbro during the 1st quarter valued at $15,058,000. 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.