Stifel Nicolaus Raises Hasbro (NASDAQ:HAS) Price Target to $67.00

Hasbro (NASDAQ:HAS) had its price target hoisted by Stifel Nicolaus from $64.00 to $67.00 in a research note published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

HAS has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. TheStreet cut Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. StockNews.com cut Hasbro from a hold rating to a sell rating in a research report on Friday, March 29th. Roth Mkm lifted their price objective on Hasbro from $60.00 to $65.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group lifted their price objective on Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research report on Friday, March 15th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hasbro presently has a consensus rating of Hold and an average target price of $61.90.

Hasbro Price Performance

NASDAQ HAS opened at $55.59 on Monday. Hasbro has a one year low of $42.66 and a one year high of $73.57. The stock has a 50-day moving average of $53.00 and a 200 day moving average of $51.23. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of -5.19, a PEG ratio of 1.48 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. On average, sell-side analysts forecast that Hasbro will post 3.24 EPS for the current year.

Hasbro Dividend Announcement

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 issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.04%. Hasbro’s dividend payout ratio is presently -26.12%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Worth Asset Management LLC purchased a new position in Hasbro in the 1st quarter worth approximately $27,000. Carolinas Wealth Consulting LLC lifted its holdings in Hasbro by 60.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Power Corp of Canada purchased a new stake in shares of Hasbro during the 1st quarter worth approximately $29,000. Studio Investment Management LLC purchased a new stake in shares of Hasbro during the 3rd quarter worth approximately $26,000. Finally, ING Groep NV purchased a new stake in shares of Hasbro during the 3rd quarter worth approximately $29,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

About Hasbro

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.