Hasbro (NASDAQ:HAS) PT Raised to $59.00

Hasbro (NASDAQ:HAS - Get Free Report) had its price target raised by investment analysts at DA Davidson from $52.00 to $59.00 in a report issued on Monday, Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's target price indicates a potential downside of 8.21% from the company's current price.

HAS has been the topic of several other reports. Roth Mkm boosted their price target on shares of Hasbro from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday. TheStreet cut shares of Hasbro from a "c-" rating to a "d+" rating in a research report on Tuesday, February 13th. Monness Crespi & Hardt boosted their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $66.36.

Hasbro Trading Down 0.3 %

Shares of HAS stock traded down $0.19 on Monday, hitting $64.28. The stock had a trading volume of 1,656,854 shares, compared to its average volume of 1,781,944. The firm has a market cap of $8.92 billion, a P/E ratio of -6.33, a PEG ratio of 1.09 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 fifty day moving average price of $54.43 and a two-hundred day moving average price of $51.07. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analysts' expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The firm's revenue was down 24.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. As a group, analysts forecast that Hasbro will post 3.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Studio Investment Management LLC bought a new position in shares of Hasbro during the third quarter worth approximately $26,000. Lindbrook Capital LLC boosted its position in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company's stock worth $26,000 after acquiring an additional 167 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company's stock worth $28,000 after acquiring an additional 408 shares in the last quarter. ING Groep NV acquired a new stake in shares of Hasbro during the 3rd quarter worth approximately $29,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Hasbro during the 4th quarter worth approximately $36,000. 91.83% of the stock is 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.