Bank of America Increases Hasbro (NASDAQ:HAS) Price Target to $60.00

Hasbro (NASDAQ:HAS) had its price objective upped by research analysts at Bank of America from $51.00 to $60.00 in a research note issued 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 8.56% from the stock’s current price.

Several other brokerages also recently commented on HAS. Jefferies Financial Group raised their target price on Hasbro from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. DA Davidson reiterated a “neutral” rating and set a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their price target on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hasbro has an average rating of “Hold” and a consensus price target of $62.80.

Hasbro Stock Up 0.6 %

Shares of NASDAQ HAS opened at $55.27 on Thursday. Hasbro has a 52 week low of $42.66 and a 52 week high of $73.57. The business has a 50-day simple moving average of $53.39 and a two-hundred day simple moving average of $51.14. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The company has a market cap of $7.67 billion, a P/E ratio of -5.16, a P/E/G ratio of 1.45 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The firm’s revenue for the quarter was down 23.2% compared to the same quarter last year. Research analysts anticipate that Hasbro will post 3.25 earnings per share for the current fiscal year.

Institutional Trading of Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Leeward Investments LLC MA lifted its position in Hasbro by 4.1% in the first quarter. Leeward Investments LLC MA now owns 202,703 shares of the company’s stock valued at $11,457,000 after purchasing an additional 7,934 shares during the last quarter. Albion Financial Group UT increased its stake in shares of Hasbro by 18.9% during the first quarter. Albion Financial Group UT now owns 57,096 shares of the company’s stock valued at $3,227,000 after buying an additional 9,086 shares during the period. Foguth Wealth Management LLC. purchased a new position in shares of Hasbro during the first quarter valued at approximately $423,000. AMF Tjanstepension AB purchased a new stake in Hasbro in the first quarter worth $15,058,000. Finally, Cardinal Capital Management grew its stake in Hasbro by 20.9% in the first quarter. Cardinal Capital Management now owns 73,304 shares of the company’s stock worth $4,143,000 after purchasing an additional 12,650 shares during the period. Institutional investors own 91.83% of the company’s stock.

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.