Roth Mkm Increases Hasbro (NASDAQ:HAS) Price Target to $75.00

Hasbro (NASDAQ:HAS) had its price objective boosted by stock analysts at Roth Mkm from $65.00 to $75.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price points to a potential upside of 16.33% from the stock’s previous close.

A number of other research analysts also recently issued reports on HAS. Monness Crespi & Hardt boosted their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. DA Davidson restated a “neutral” rating and set a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. Finally, Stifel Nicolaus boosted 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, April 15th. Six 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 price target of $65.73.

Hasbro Price Performance

Shares of HAS opened at $64.47 on Thursday. The business has a 50-day simple moving average of $54.43 and a two-hundred day simple moving average of $51.18. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The stock has a market cap of $8.95 billion, a PE ratio of -6.36, a PEG ratio of 1.13 and a beta of 0.74. 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 (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same quarter last year, the business earned $0.01 EPS. The firm’s quarterly revenue was down 24.3% on a year-over-year basis. Analysts anticipate that Hasbro will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

A number of hedge funds have recently made changes to their positions in the business. First National Trust Co raised its position in Hasbro by 25.5% in the first quarter. First National Trust Co now owns 30,924 shares of the company’s stock worth $1,748,000 after acquiring an additional 6,283 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Hasbro by 62.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 68,184 shares of the company’s stock worth $3,854,000 after purchasing an additional 26,219 shares during the period. Lindbrook Capital LLC lifted its stake in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hasbro by 29.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 351,284 shares of the company’s stock worth $19,855,000 after buying an additional 79,490 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Hasbro by 24.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,734 shares of the company’s stock valued at $5,241,000 after buying an additional 18,400 shares during the period. 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.