Monness Crespi & Hardt Increases Hasbro (NASDAQ:HAS) Price Target to $75.00

Hasbro (NASDAQ:HAS) had its target price hoisted by equities researchers at Monness Crespi & Hardt from $60.00 to $75.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective suggests a potential upside of 16.33% from the stock’s previous close.

HAS has been the topic of a number of other research reports. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Stifel Nicolaus boosted their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Roth Mkm boosted their price objective on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.73.

Hasbro Price Performance

NASDAQ:HAS opened at $64.47 on Thursday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.97 and a current ratio of 1.11. The stock’s 50-day simple moving average is $54.43 and its 200 day simple moving average is $51.18. The company has a market cap of $8.95 billion, a P/E ratio of -6.36, a P/E/G ratio of 1.13 and a beta of 0.74. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business’s revenue was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. As a group, sell-side analysts forecast that Hasbro will post 3.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Hasbro by 0.4% in the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock valued at $1,041,879,000 after buying an additional 55,258 shares during the period. Capital Research Global Investors boosted its stake in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after buying an additional 3,273,563 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Hasbro by 76.6% in the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after buying an additional 1,423,517 shares during the period. Cooke & Bieler LP lifted its stake in Hasbro by 31.6% during the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock worth $162,801,000 after purchasing an additional 765,898 shares during the last quarter. Finally, London Co. of Virginia lifted its stake in Hasbro by 1.0% during the third quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock worth $147,188,000 after purchasing an additional 21,634 shares during the last quarter. 91.83% of the stock is currently owned by 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.