Hasbro (NASDAQ:HAS) Price Target Raised to $128.00

Hasbro (NASDAQ:HASGet 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.

Hasbro (NASDAQ:HASGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.11). The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Hasbro had a return on equity of 24.17% and a net margin of 6.68%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. As a group, equities research analysts predict that Hasbro will post 5.06 EPS for the current fiscal year.

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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