Hasbro (NASDAQ:HAS) PT Raised to $68.00 at Bank of America

Hasbro (NASDAQ:HAS – Get Rating) had its target price upped by equities researchers at Bank of America from $63.00 to $68.00 in a research note issued to investors on Wednesday, The Fly reports. Bank of America‘s target price indicates a potential upside of 9.68% from the company’s previous close.

HAS has been the subject of a number of other research reports. Truist Financial lowered their target price on shares of Hasbro from $70.00 to $62.00 in a report on Friday, February 17th. DA Davidson restated a “buy” rating and set a $80.00 target price on shares of Hasbro in a research report on Monday, April 3rd. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Hasbro in a research report on Friday, April 28th. Monness Crespi & Hardt decreased their target price on Hasbro from $106.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, January 27th. Finally, StockNews.com lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.50.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $62.00 on Wednesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.96 and a current ratio of 1.34. The firm has a market cap of $8.59 billion, a PE ratio of 72.09, a price-to-earnings-growth ratio of 5.59 and a beta of 0.74. The business has a fifty day moving average of $53.84 and a 200-day moving average of $57.95. Hasbro has a twelve month low of $45.75 and a twelve month high of $91.53.

Hasbro (NASDAQ:HAS – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $883.06 million. Hasbro had a net margin of 2.11% and a return on equity of 18.56%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. On average, equities research analysts predict that Hasbro will post 4.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Carolinas Wealth Consulting LLC grew its position in Hasbro by 60.9% in the first 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. Kinneret Advisory LLC grew its stake in Hasbro by 2.3% in the first quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock valued at $545,000 after purchasing an additional 149 shares in the last quarter. Yousif Capital Management LLC grew its stake in Hasbro by 0.7% in the first quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock valued at $1,680,000 after purchasing an additional 150 shares in the last quarter. Continuum Advisory LLC grew its stake in Hasbro by 0.6% in the first quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock valued at $61,000 after purchasing an additional 155 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Hasbro by 6.6% in the fourth quarter. CENTRAL TRUST Co now owns 2,649 shares of the company’s stock valued at $162,000 after purchasing an additional 164 shares in the last quarter. 80.87% of the stock is currently owned by institutional investors.

About Hasbro

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Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.