Hasbro (NASDAQ:HAS) Given New $59.00 Price Target at DA Davidson

Hasbro (NASDAQ:HAS) had its price target hoisted by DA Davidson from $52.00 to $59.00 in a research report released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also weighed in on HAS. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a research note on Wednesday, February 14th. Stifel Nicolaus lifted their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research report on Monday, April 15th. Roth Mkm lifted their price target on shares of Hasbro from $65.00 to $75.00 and gave the company a buy rating in a research report on Thursday, April 25th. Jefferies Financial Group boosted their target price on Hasbro from $61.00 to $63.00 and gave the company a buy rating in a research report on Friday, April 19th. Finally, StockNews.com raised Hasbro from a sell rating to a hold rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of Hold and an average price target of $66.36.

Hasbro Trading Down 0.3 %

HAS stock opened at $64.28 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of -6.34, a PEG ratio of 1.09 and a beta of 0.74. The business’s 50-day moving average is $54.70 and its 200 day moving average is $51.13.

Hasbro (NASDAQ:HAS) last released its 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. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same period last year, the company posted $0.01 EPS. The business’s revenue was down 24.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro will post 3.46 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.36%. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently modified their holdings of the company. Aigen Investment Management LP acquired a new position in shares of Hasbro during the third quarter worth $1,250,000. Janney Montgomery Scott LLC lifted its position in Hasbro by 6.5% in the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock valued at $3,133,000 after acquiring an additional 2,875 shares during the last quarter. Albion Financial Group UT lifted its position in Hasbro by 105.7% in the third quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock valued at $3,885,000 after acquiring an additional 30,192 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Hasbro by 125.3% in the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after acquiring an additional 15,466 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Hasbro by 2,610.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock valued at $2,871,000 after acquiring an additional 41,812 shares during 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.