DA Davidson Issues Positive Forecast for Hasbro (NASDAQ:HAS) Stock Price

Hasbro (NASDAQ:HAS - Get Free Report) had its price objective hoisted by stock analysts at DA Davidson from $75.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's target price suggests a potential upside of 4.78% from the company's previous close.

HAS has been the subject of several other reports. Roth Capital increased their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America raised their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley raised their price objective on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Citigroup reissued a "buy" rating and issued a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Hasbro Stock Performance

HAS stock traded down $0.49 during mid-day trading on Thursday, hitting $76.35. The company had a trading volume of 1,328,077 shares, compared to its average volume of 2,031,614. The stock's fifty day moving average price is $71.09 and its two-hundred day moving average price is $63.44. Hasbro has a 12 month low of $49.00 and a 12 month high of $78.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The firm has a market cap of $10.70 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.59.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in shares of Hasbro during the 4th quarter worth $25,000. Sentry Investment Management LLC purchased a new stake in shares of Hasbro during the first quarter worth $28,000. SBI Securities Co. Ltd. raised its holdings in shares of Hasbro by 130.0% during the first 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 raised its holdings in Hasbro by 489.2% during the second quarter. IFP Advisors Inc now owns 654 shares of the company's stock valued at $48,000 after buying an additional 543 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after buying an additional 178 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

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.

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