Hasbro (NASDAQ:HAS) Price Target Raised to $75.00

Hasbro (NASDAQ:HAS) had its target price raised by Roth Mkm from $65.00 to $75.00 in a report published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. TheStreet downgraded Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. Monness Crespi & Hardt increased their price target on Hasbro from $60.00 to $75.00 and gave the stock a buy rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. Stifel Nicolaus increased their target price 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. Finally, DA Davidson reissued a neutral rating and issued a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of Hold and a consensus target price of $65.73.

Hasbro Trading Down 0.1 %

Shares of NASDAQ HAS opened at $64.97 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 1-year low of $42.66 and a 1-year high of $73.57. The business has a 50-day moving average of $54.16 and a 200-day moving average of $51.14.

Hasbro (NASDAQ:HAS) last released 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 analysts’ expectations of $739.84 million. During the same quarter in the prior year, the business earned $0.01 EPS. Hasbro’s quarterly revenue was down 24.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hasbro will post 3.26 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.31%. Hasbro’s dividend payout ratio is -27.61%.

Hedge Funds Weigh In On Hasbro

Hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC grew its holdings in shares of Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after purchasing an additional 167 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after acquiring an additional 215 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Hasbro by 0.4% during the 3rd 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 in the last quarter. CWM LLC raised its position in Hasbro by 19.2% in the 3rd 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. Finally, Teacher Retirement System of Texas raised its position in Hasbro by 2.5% in the 3rd 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. 91.83% of the stock is owned by institutional investors and hedge funds.

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.