Hasbro (NASDAQ:HAS) Price Target Raised to $63.00

Hasbro (NASDAQ:HAS) had its price objective raised by Jefferies Financial Group from $61.00 to $63.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. TheStreet cut Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. DA Davidson restated a neutral rating and issued a $52.00 price target on shares of Hasbro in a report on Tuesday, March 26th. Roth Mkm upped their price target on Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a report on Monday, April 8th. JPMorgan Chase & Co. upped their target price on Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus upped their target price on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research report on Monday, April 15th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $62.80.

Hasbro Stock Up 0.6 %

Shares of NASDAQ:HAS opened at $55.27 on Friday. 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 1 year low of $42.66 and a 1 year high of $73.57. The stock has a market capitalization of $7.67 billion, a P/E ratio of -5.16, a PEG ratio of 1.46 and a beta of 0.74. The stock has a 50-day simple moving average of $53.39 and a 200-day simple moving average of $50.98.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. Equities analysts forecast that Hasbro will post 3.27 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -26.12%.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently made changes to their positions in the company. Leeward Investments LLC MA raised its position in shares of Hasbro by 4.1% during the 1st quarter. Leeward Investments LLC MA now owns 202,703 shares of the company’s stock valued at $11,457,000 after acquiring an additional 7,934 shares in the last quarter. Albion Financial Group UT raised its position in shares of Hasbro by 18.9% during the 1st quarter. Albion Financial Group UT now owns 57,096 shares of the company’s stock valued at $3,227,000 after acquiring an additional 9,086 shares in the last quarter. Foguth Wealth Management LLC. acquired a new stake in shares of Hasbro during the 1st quarter valued at approximately $423,000. AMF Tjanstepension AB acquired a new stake in Hasbro in the first quarter worth $15,058,000. Finally, Cardinal Capital Management increased its position in Hasbro by 20.9% in the first quarter. Cardinal Capital Management now owns 73,304 shares of the company’s stock worth $4,143,000 after buying an additional 12,650 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

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.