Hasbro (NASDAQ:HAS) Price Target Increased to $60.00 by Analysts at Bank of America

Hasbro (NASDAQ:HAS) had its price objective raised by Bank of America from $51.00 to $60.00 in a research note released on Thursday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on the stock. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. DA Davidson reaffirmed a neutral rating and issued a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. Roth Mkm raised their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, April 8th. Stifel Nicolaus raised their target price on shares of Hasbro from $64.00 to $67.00 and gave the stock a buy rating in a research report on Monday. Finally, Jefferies Financial Group lifted their price target on shares of Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research report on Friday, March 15th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $62.60.

Hasbro Trading Up 0.2 %

Shares of Hasbro stock opened at $54.94 on Thursday. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. The company’s fifty day simple moving average is $53.30 and its two-hundred day simple moving average is $51.20.

Hasbro (NASDAQ:HAS) last posted 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 analysts’ expectations of $1.33 billion. During the same period in the prior year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was down 23.2% on a year-over-year basis. Sell-side analysts predict that Hasbro will post 3.25 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.10%. Hasbro’s dividend payout ratio (DPR) is currently -26.12%.

Institutional Trading of Hasbro

Institutional investors and hedge funds have recently bought and sold shares of the company. Worth Asset Management LLC bought a new stake in Hasbro during the 1st quarter valued at about $27,000. Carolinas Wealth Consulting LLC increased its stake in Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Power Corp of Canada bought a new stake in Hasbro during the 1st quarter valued at about $29,000. Studio Investment Management LLC bought a new stake in Hasbro during the 3rd quarter valued at about $26,000. Finally, ING Groep NV bought a new stake in Hasbro during the 3rd quarter valued at about $29,000. 91.83% of the stock is currently owned by institutional investors.

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.