Hasbro (NASDAQ:HAS) PT Raised to $75.00 at Roth Mkm

Hasbro (NASDAQ:HAS) had its target price raised by research analysts at Roth Mkm from $65.00 to $75.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 16.33% from the company’s current price.

HAS has been the topic of several other research reports. Stifel Nicolaus upped their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. DA Davidson reissued a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. JPMorgan Chase & Co. lifted their price target on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Bank of America increased their price objective on shares of Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Finally, Monness Crespi & Hardt lifted their target price on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.73.

Hasbro Stock Performance

Shares of Hasbro stock opened at $64.47 on Thursday. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57. The firm has a market capitalization of $8.95 billion, a P/E ratio of -6.36, a P/E/G ratio of 1.13 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88. The business has a fifty day simple moving average of $54.43 and a two-hundred day simple moving average of $51.18.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million during 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%. Hasbro’s revenue was down 24.3% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, equities analysts forecast that Hasbro will post 3.26 earnings per share for the current fiscal year.

Institutional Trading of Hasbro

Several large investors have recently modified their holdings of the company. Studio Investment Management LLC bought a new position in shares of Hasbro during the 3rd quarter valued at approximately $26,000. Lindbrook Capital LLC boosted its stake 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 purchasing an additional 167 shares during the period. Parkside Financial Bank & Trust grew its holdings in Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the last quarter. ING Groep NV purchased a new stake in Hasbro in the 3rd quarter worth about $29,000. Finally, Optiver Holding B.V. bought a new stake in shares of Hasbro during the fourth quarter worth $36,000. Institutional investors own 91.83% of the company’s stock.

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.