Hasbro (NASDAQ:HAS) Price Target Increased to $90.00 by Analysts at Bank of America

Hasbro (NASDAQ:HAS) had its price objective increased by Bank of America from $85.00 to $90.00 in a research report report published on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

HAS has been the subject of a number of other research reports. DA Davidson reissued a neutral rating and set a $59.00 price target on shares of Hasbro in a research report on Friday, July 26th. UBS Group raised their price objective on shares of Hasbro from $68.00 to $69.00 and gave the stock a buy rating in a report on Friday, May 24th. Stifel Nicolaus upped their target price on shares of Hasbro from $76.00 to $78.00 and gave the company a buy rating in a research note on Friday, July 26th. Morgan Stanley increased their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an overweight rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised Hasbro from a neutral rating to an overweight rating and boosted their price objective for the company from $61.00 to $74.00 in a report on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of Moderate Buy and an average price target of $70.55.

Hasbro Stock Performance

Shares of HAS stock opened at $71.82 on Monday. The company’s fifty day moving average price is $65.26 and its two-hundred day moving average price is $60.50. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The firm has a market capitalization of $10.00 billion, a P/E ratio of -7.08, a P/E/G ratio of 0.52 and a beta of 0.61. Hasbro has a 12 month low of $42.66 and a 12 month high of $72.25.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, research analysts anticipate that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its holdings in shares of Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after acquiring an additional 3,273,563 shares during the period. Dimensional Fund Advisors LP grew its position in Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the last quarter. Samlyn Capital LLC grew its position in Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the last quarter. Swedbank AB acquired a new stake in shares of Hasbro in the first quarter valued at approximately $82,523,000. Finally, Norges Bank bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $70,544,000. 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.