Morgan Stanley Forecasts Strong Price Appreciation for Hasbro (NASDAQ:HAS) Stock

Hasbro (NASDAQ:HAS - Get Free Report) had its price target lifted by equities researchers at Morgan Stanley from $71.00 to $77.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 15.36% from the company's previous close.

Several other equities research analysts have also recently weighed in on HAS. DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research note on Friday, April 25th. Finally, Roth Mkm raised their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of "Buy" and an average price target of $80.38.

Hasbro Price Performance

HAS traded down $0.05 on Thursday, reaching $66.75. The stock had a trading volume of 2,145,385 shares, compared to its average volume of 1,722,062. Hasbro has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The firm has a 50-day moving average of $60.00 and a 200-day moving average of $60.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro will post 4.33 EPS for the current year.

Institutional Trading of Hasbro

Hedge funds have recently bought and sold shares of the business. Parvin Asset Management LLC bought a new stake in Hasbro during the fourth quarter worth $25,000. Allworth Financial LP grew its position in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Hasbro during the first quarter worth about $28,000. SBI Securities Co. Ltd. grew its position in 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 buying an additional 269 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after buying an additional 178 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

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.