Bank of America Boosts Hasbro (NASDAQ:HAS) Price Target to $60.00

Hasbro (NASDAQ:HAS - Free Report) had its price objective raised by Bank of America from $51.00 to $60.00 in a research note published on Thursday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus lifted their price objective on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. TheStreet lowered Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Jefferies Financial Group lifted their target price on Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research note on Friday, March 15th. Finally, DA Davidson reiterated a neutral rating and issued a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hasbro has a consensus rating of Hold and an average price target of $62.60.

Hasbro Price Performance

HAS traded up $0.12 during trading on Thursday, reaching $54.94. 1,422,504 shares of the company traded hands, compared to its average volume of 1,691,680. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The firm has a fifty day simple moving average of $53.21 and a 200 day simple moving average of $51.18. The company has a market cap of $7.63 billion, a P/E ratio of -5.10, a PEG ratio of 1.46 and a beta of 0.74.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.26). The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations 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 period last year, the business posted $1.31 earnings per share. On average, equities analysts forecast that Hasbro will post 3.25 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.10%. Hasbro's payout ratio is -26.12%.

Institutional Investors Weigh In On Hasbro

Large investors have recently modified their holdings of the business. Worth Asset Management LLC purchased a new stake in shares of Hasbro during the first quarter worth about $27,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company's stock worth $25,000 after purchasing an additional 117 shares during the period. Power Corp of Canada acquired a new stake in shares of Hasbro during the first quarter worth about $29,000. Studio Investment Management LLC acquired a new stake in shares of Hasbro during the third quarter worth about $26,000. Finally, ING Groep NV acquired a new stake in shares of Hasbro during the third quarter worth about $29,000. 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.