Hasbro (NASDAQ:HAS) Given New $85.00 Price Target at Morgan Stanley

Hasbro (NASDAQ:HAS - Free Report) had its price objective upped by Morgan Stanley from $83.00 to $85.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on HAS. Bank of America increased their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. DA Davidson reissued a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and raised their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Citigroup reiterated a "buy" rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Finally, Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $86.27.

Hasbro Trading Down 2.3%

Shares of Hasbro stock traded down $1.79 on Thursday, reaching $75.05. The company had a trading volume of 3,793,572 shares, compared to its average volume of 2,511,272. Hasbro has a 52-week low of $49.00 and a 52-week high of $78.83. The firm's 50 day moving average price is $71.27 and its two-hundred day moving average price is $63.56. The firm has a market cap of $10.52 billion, a PE ratio of -18.49, a PEG ratio of 2.08 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.40 and a current ratio of 1.66.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same period in the prior year, the firm posted $1.22 EPS. The company's quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Hasbro will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio is presently 92.41%.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in Hasbro during the fourth quarter worth approximately $317,000. Teacher Retirement System of Texas grew its stake in Hasbro by 14.7% during the fourth quarter. Teacher Retirement System of Texas now owns 27,459 shares of the company's stock worth $1,535,000 after buying an additional 3,510 shares during the period. Sei Investments Co. grew its stake in Hasbro by 2.3% during the fourth quarter. Sei Investments Co. now owns 76,641 shares of the company's stock worth $4,285,000 after buying an additional 1,718 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Hasbro during the fourth quarter worth approximately $1,504,000. Finally, LPL Financial LLC grew its stake in Hasbro by 13.9% during the fourth quarter. LPL Financial LLC now owns 73,579 shares of the company's stock worth $4,114,000 after buying an additional 8,962 shares during the period. Hedge funds and other institutional investors 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.