Hasbro (NASDAQ:HAS) Given New $92.00 Price Target at Morgan Stanley

Hasbro (NASDAQ:HAS) had its target price boosted by Morgan Stanley from $80.00 to $92.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on HAS. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson reiterated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Stifel Nicolaus boosted their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Bank of America raised their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.80.

Hasbro Stock Up 0.5 %

Shares of Hasbro stock traded up $0.32 during trading on Friday, reaching $66.42. The company’s stock had a trading volume of 2,267,257 shares, compared to its average volume of 1,176,600. Hasbro has a one year low of $42.66 and a one year high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The business’s fifty day moving average price is $69.84 and its 200-day moving average price is $63.60.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.31 by $0.42. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted $1.64 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. Analysts forecast that Hasbro will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is currently -37.53%.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in shares of Hasbro in the second quarter valued at approximately $27,000. Asset Dedication LLC boosted its stake in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares in the last quarter. Blue Trust Inc. boosted its stake in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Hasbro during the second quarter worth $46,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Hasbro in the second quarter valued at $47,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

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.