Hasbro (NASDAQ:HAS) Price Target Raised to $67.00

Hasbro (NASDAQ:HAS - Free Report) had its price target boosted by Stifel Nicolaus from $64.00 to $67.00 in a research report released on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also commented on HAS. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Jefferies Financial Group raised their target price on Hasbro from $58.00 to $61.00 and gave the company a buy rating in a report on Friday, March 15th. Roth Mkm upped their price target on Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research note on Monday, April 8th. DA Davidson reissued a neutral rating and issued a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. boosted their target price on Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $61.90.

Hasbro Stock Down 0.4 %

Shares of Hasbro stock traded down $0.21 during trading hours on Monday, hitting $55.59. 1,197,350 shares of the company's stock traded hands, compared to its average volume of 1,713,896. The company has a market cap of $7.72 billion, a PE ratio of -5.23, a PEG ratio of 1.48 and a beta of 0.74. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The stock has a 50 day simple moving average of $52.87 and a 200-day simple moving average of $51.30.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.26). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company's revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 EPS. Equities research analysts anticipate that Hasbro will post 3.24 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, April 30th. Hasbro's dividend payout ratio is currently -26.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brookstone Capital Management bought a new position in Hasbro in the 1st quarter valued at approximately $203,000. Kingswood Wealth Advisors LLC acquired a new position in Hasbro in the 1st quarter valued at approximately $270,000. Sound Income Strategies LLC raised its stake in shares of Hasbro by 8.2% during the first quarter. Sound Income Strategies LLC now owns 138,668 shares of the company's stock valued at $7,838,000 after acquiring an additional 10,547 shares during the last quarter. Thompson Investment Management Inc. raised its position in shares of Hasbro by 74.4% during the first quarter. Thompson Investment Management Inc. now owns 9,286 shares of the company's stock worth $525,000 after acquiring an additional 3,961 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in Hasbro by 27.3% in the first quarter. CHICAGO TRUST Co NA now owns 12,526 shares of the company's stock valued at $708,000 after buying an additional 2,684 shares during the period. Institutional investors and hedge funds 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.