Citigroup Increases Hasbro (NASDAQ:HAS) Price Target to $91.00

Hasbro (NASDAQ:HAS - Get Free Report) had its target price boosted by Citigroup from $79.00 to $91.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 20.10% from the company's previous close.

Several other research analysts also recently weighed in on the stock. Roth Capital boosted their target price on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday. Monness Crespi & Hardt lifted their price target on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley lifted their price target on Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.27.

Hasbro Stock Down 1.4%

HAS traded down $1.07 on Thursday, reaching $75.77. The company's stock had a trading volume of 1,655,816 shares, compared to its average volume of 2,033,442. The stock has a 50 day moving average of $71.09 and a two-hundred day moving average of $63.44. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.10 and a beta of 0.59. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. The firm had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 earnings per share. As a group, analysts forecast that Hasbro will post 4.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Hedge funds have recently modified their holdings of the stock. Parvin Asset Management LLC purchased a new stake in shares of Hasbro during the fourth quarter valued at $25,000. Sentry Investment Management LLC purchased a new stake in shares of Hasbro during the first quarter valued at $28,000. SBI Securities Co. Ltd. lifted its stake in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares in the last quarter. IFP Advisors Inc lifted its stake in Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company's stock worth $48,000 after acquiring an additional 543 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its stake in Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after acquiring an additional 178 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

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.

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