Hasbro (NASDAQ:HAS – Get Rating) had its price objective lifted by DA Davidson from $121.00 to $128.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 45.72% from the company’s previous close.
A number of other brokerages have also recently weighed in on HAS. JPMorgan Chase & Co. decreased their price target on shares of Hasbro from $110.00 to $99.00 and set a “neutral” rating for the company in a research note on Tuesday, February 8th. KeyCorp decreased their target price on shares of Hasbro from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday. The Goldman Sachs Group dropped their price target on Hasbro from $128.00 to $119.00 in a research report on Wednesday, January 26th. Finally, StockNews.com assumed coverage on Hasbro in a research report on Thursday, March 31st. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $109.00.
Shares of NASDAQ:HAS opened at $87.84 on Wednesday. The firm has a 50 day simple moving average of $89.43 and a 200-day simple moving average of $94.08. Hasbro has a twelve month low of $81.16 and a twelve month high of $105.73. The company has a current ratio of 1.52, a quick ratio of 1.29 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $12.21 billion, a PE ratio of 28.43 and a beta of 0.97.
Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its position in Hasbro by 18.8% in the third quarter. Signaturefd LLC now owns 656 shares of the company’s stock worth $59,000 after acquiring an additional 104 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Hasbro by 20.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock worth $56,000 after purchasing an additional 106 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of Hasbro by 3.6% during the 3rd quarter. Cetera Advisor Networks LLC now owns 3,042 shares of the company’s stock worth $271,000 after purchasing an additional 107 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Hasbro by 3.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,458 shares of the company’s stock valued at $352,000 after purchasing an additional 107 shares in the last quarter. Finally, Edge Capital Group LLC lifted its stake in shares of Hasbro by 0.5% in the fourth quarter. Edge Capital Group LLC now owns 21,491 shares of the company’s stock valued at $2,187,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Hasbro Company Profile (Get Rating)
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.
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