DA Davidson Boosts Hasbro (NASDAQ:HAS) Price Target to $59.00

Hasbro (NASDAQ:HAS) had its price objective hoisted by equities research analysts at DA Davidson from $52.00 to $59.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective points to a potential downside of 8.06% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Roth Mkm lifted their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price target on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Stifel Nicolaus boosted their price target on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Finally, Bank of America boosted their price target on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.36.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded down $0.30 during trading on Monday, hitting $64.17. 639,797 shares of the stock traded hands, compared to its average volume of 1,769,093. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -6.33, a P/E/G ratio of 1.09 and a beta of 0.74. The company has a fifty day moving average price of $54.43 and a two-hundred day moving average price of $51.07. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. As a group, equities analysts predict that Hasbro will post 3.46 EPS for the current year.

Institutional Trading of Hasbro

Large investors have recently made changes to their positions in the company. Studio Investment Management LLC purchased a new stake in shares of Hasbro during the third quarter worth approximately $26,000. Lindbrook Capital LLC increased its stake in shares of Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares during the period. ING Groep NV purchased a new stake in shares of Hasbro during the third quarter worth approximately $29,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Hasbro during the fourth quarter worth approximately $36,000. 91.83% of the stock is currently 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.