Hasbro (NASDAQ:HAS) PT Raised to $63.00 at Jefferies Financial Group

Hasbro (NASDAQ:HAS - Free Report) had its price target upped by Jefferies Financial Group from $61.00 to $63.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on HAS. Roth Mkm increased their target price on shares of Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research note on Monday, April 8th. Stifel Nicolaus upped their price objective on shares of Hasbro from $64.00 to $67.00 and gave the stock a buy rating in a report on Monday. DA Davidson restated a neutral rating and set a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. Bank of America upped their price objective on shares of Hasbro from $51.00 to $60.00 and gave the stock a neutral rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of Hold and an average target price of $62.80.

Hasbro Trading Up 0.6 %

Shares of NASDAQ:HAS traded up $0.33 during trading on Friday, reaching $55.27. The stock had a trading volume of 1,486,020 shares, compared to its average volume of 1,688,979. The firm's fifty day moving average is $53.39 and its 200 day moving average is $51.14. 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 52 week low of $42.66 and a 52 week high of $73.57. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of -5.16, a P/E/G ratio of 1.45 and a beta of 0.74.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm's revenue was down 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 earnings per share. As a group, equities analysts forecast that Hasbro will post 3.25 EPS 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 $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.07%. Hasbro's dividend payout ratio is currently -26.12%.

Institutional Trading of Hasbro

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors grew its position in Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company's stock valued at $785,367,000 after buying an additional 3,273,563 shares during the period. Morgan Stanley grew its position in Hasbro by 232.3% during the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company's stock valued at $221,763,000 after buying an additional 2,541,129 shares during the period. State Street Corp grew its position in Hasbro by 35.8% during the first quarter. State Street Corp now owns 6,888,597 shares of the company's stock valued at $369,849,000 after buying an additional 1,814,972 shares during the period. Bank of New York Mellon Corp grew its position in Hasbro by 76.6% during the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company's stock valued at $217,063,000 after buying an additional 1,423,517 shares during the period. Finally, Norges Bank bought a new position in Hasbro during the fourth quarter valued at about $70,544,000. 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.