Hasbro's (HAS) Overweight Rating Reiterated at Morgan Stanley

Hasbro (NASDAQ:HAS - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities researchers at Morgan Stanley in a report issued on Monday, Benzinga reports. They presently have a $77.00 target price on the stock. Morgan Stanley's target price points to a potential upside of 24.03% from the stock's previous close.

Several other equities analysts have also issued reports on HAS. Jefferies Financial Group upped their price target on Hasbro from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Monness Crespi & Hardt upped their price target on Hasbro from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. TheStreet lowered Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. Stifel Nicolaus upped their price target on Hasbro from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on Hasbro from $52.00 to $54.00 and gave the company 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $66.27.

Hasbro Price Performance

Hasbro stock traded up $1.95 on Monday, reaching $62.08. The company's stock had a trading volume of 1,940,948 shares, compared to its average volume of 1,704,377. 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 company has a market cap of $8.64 billion, a price-to-earnings ratio of -6.05, a PEG ratio of 0.96 and a beta of 0.67. The business's fifty day moving average price is $57.64 and its 200 day moving average price is $51.95. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57.

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, topping analysts' consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business's revenue was down 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Equities analysts expect that Hasbro will post 3.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several large investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its holdings in shares of Hasbro by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company's stock worth $675,000 after buying an additional 246 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Hasbro by 7.9% during the third quarter. New Mexico Educational Retirement Board now owns 6,809 shares of the company's stock worth $450,000 after buying an additional 500 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Hasbro by 8.2% in the third quarter. Daiwa Securities Group Inc. now owns 10,804 shares of the company's stock valued at $715,000 after purchasing an additional 820 shares in the last quarter. Empirical Finance LLC grew its stake in Hasbro by 10.8% in the third quarter. Empirical Finance LLC now owns 4,193 shares of the company's stock valued at $277,000 after purchasing an additional 407 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Hasbro by 1.2% in the third quarter. California Public Employees Retirement System now owns 246,791 shares of the company's stock valued at $16,323,000 after purchasing an additional 3,022 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

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.