Hasbro (NASDAQ:HAS) Given New $90.00 Price Target at Bank of America

Hasbro (NASDAQ:HAS - Free Report) had its price objective upped by Bank of America from $85.00 to $90.00 in a research report released on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

HAS has been the subject of a number of other research reports. Morgan Stanley boosted their price target on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. DA Davidson reiterated a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Citigroup reiterated a "buy" rating and issued a $79.00 price objective (up from $72.00) on shares of Hasbro in a research note on Monday, June 16th. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $81.11.

Hasbro Stock Up 1.7%

Shares of Hasbro stock traded up $1.27 during midday trading on Thursday, hitting $77.19. The company's stock had a trading volume of 1,990,178 shares, compared to its average volume of 1,744,596. The firm has a market capitalization of $10.82 billion, a P/E ratio of 25.48, a PEG ratio of 2.09 and a beta of 0.59. The stock has a 50-day simple moving average of $69.75 and a 200-day simple moving average of $62.71. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. Hasbro has a 1-year low of $49.00 and a 1-year high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. Hasbro's revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, sell-side analysts expect that Hasbro will post 4.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Parvin Asset Management LLC acquired a new position in Hasbro during the 4th quarter worth $25,000. Sentry Investment Management LLC bought a new position in Hasbro in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. boosted its position in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after buying an additional 269 shares during the last quarter. Itau Unibanco Holding S.A. boosted its position in Hasbro by 32.1% in the 4th 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 during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in Hasbro in the 4th quarter valued at $44,000. 91.83% of the stock is owned by institutional investors and hedge funds.

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.