Hasbro (NASDAQ:HAS) Given New $75.00 Price Target at Roth Mkm

Hasbro (NASDAQ:HAS) had its price objective hoisted by Roth Mkm from $65.00 to $75.00 in a research report released on Thursday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Hasbro from a sell rating to a hold rating in a research report on Wednesday. Bank of America increased their target price on shares of Hasbro from $51.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus raised their price objective on shares of Hasbro from $64.00 to $67.00 and gave the stock a buy rating in a research report on Monday, April 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $65.73.

Hasbro Stock Performance

HAS opened at $64.47 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -6.36, a PEG ratio of 1.09 and a beta of 0.74. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57. The firm’s fifty day simple moving average is $54.43 and its two-hundred day simple moving average is $51.12.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. Equities analysts anticipate that Hasbro will post 3.39 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s payout ratio is -27.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. First National Trust Co grew its holdings in shares of Hasbro by 25.5% in the first quarter. First National Trust Co now owns 30,924 shares of the company’s stock valued at $1,748,000 after purchasing an additional 6,283 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Hasbro by 62.5% in the first quarter. Verdence Capital Advisors LLC now owns 68,184 shares of the company’s stock valued at $3,854,000 after purchasing an additional 26,219 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hasbro by 29.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 351,284 shares of the company’s stock valued at $19,855,000 after purchasing an additional 79,490 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Hasbro by 24.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 92,734 shares of the company’s stock valued at $5,241,000 after purchasing an additional 18,400 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

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.