Hasbro (NASDAQ:HAS) Shares Gap Up to $60.33

Hasbro, Inc. (NASDAQ:HAS - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $60.33, but opened at $62.50. Hasbro shares last traded at $60.03, with a volume of 282,769 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on HAS. DA Davidson upped their price objective on Hasbro from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Morgan Stanley reissued an "overweight" rating and set a $77.00 price target on shares of Hasbro in a research report on Monday. Stifel Nicolaus lifted 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, April 15th. Roth Mkm increased their target price on shares of Hasbro from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Finally, TheStreet downgraded shares of Hasbro from a "c-" rating to a "d+" rating in a research report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $68.09.

Hasbro Stock Performance

The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. The stock's fifty day moving average is $58.16 and its two-hundred day moving average is $52.23. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -5.94, a PEG ratio of 1.00 and a beta of 0.67.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million for the quarter, compared to analysts' expectations of $739.84 million. During the same period last year, the firm earned $0.01 EPS. The firm's revenue was down 24.3% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 3.66 earnings per share for the current fiscal year.

Institutional Trading of Hasbro

Hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Hasbro by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company's stock valued at $675,000 after acquiring an additional 246 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Hasbro by 8.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,804 shares of the company's stock worth $715,000 after purchasing an additional 820 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Hasbro by 1.2% during the 3rd quarter. California Public Employees Retirement System now owns 246,791 shares of the company's stock worth $16,323,000 after purchasing an additional 3,022 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Hasbro in the 3rd quarter valued at approximately $280,000. Finally, Picton Mahoney Asset Management bought a new position in Hasbro during the third quarter valued at approximately $3,809,000. 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.