Monness Crespi & Hardt Raises Hasbro (NASDAQ:HAS) Price Target to $90.00

Hasbro (NASDAQ:HAS - Get Free Report) had its price objective lifted by equities researchers at Monness Crespi & Hardt from $80.00 to $90.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Monness Crespi & Hardt's price target indicates a potential upside of 18.51% from the stock's previous close.

HAS has been the topic of several other research reports. Citigroup reiterated a "buy" rating and set a $79.00 target price (up previously from $72.00) on shares of Hasbro in a research report on Monday, June 16th. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Bank of America upped their price objective on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Morgan Stanley increased their price target on Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.73.

Hasbro Trading Down 1.2%

Hasbro stock traded down $0.90 during mid-day trading on Thursday, hitting $75.94. The company's stock had a trading volume of 949,464 shares, compared to its average volume of 2,028,738. Hasbro has a 1 year low of $49.00 and a 1 year high of $78.83. The stock's fifty day moving average is $71.09 and its two-hundred day moving average is $63.44. The firm has a market capitalization of $10.64 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.59. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78.

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

Institutional Investors Weigh In On Hasbro

Several large investors have recently made changes to their positions in HAS. Teacher Retirement System of Texas lifted its stake in shares of Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock worth $1,754,000 after buying an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Hasbro by 20.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock worth $1,036,000 after buying an additional 2,866 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hasbro by 60.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock valued at $1,021,000 after purchasing an additional 6,225 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Hasbro during the fourth quarter worth about $540,000. Finally, Polymer Capital Management US LLC bought a new position in shares of Hasbro in the fourth quarter valued at approximately $502,000. 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.

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