Morgan Stanley Raises Hasbro (NASDAQ:HAS) Price Target to $92.00

Hasbro (NASDAQ:HAS) had its price objective raised by equities researchers at Morgan Stanley from $80.00 to $92.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 39.18% from the stock’s current price.

HAS has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America lifted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. DA Davidson restated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus lifted their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $76.40.

Hasbro Stock Down 6.0 %

Shares of NASDAQ HAS opened at $66.10 on Friday. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.46. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of -6.52, a PEG ratio of 0.54 and a beta of 0.61. The stock has a 50 day moving average price of $69.84 and a 200 day moving average price of $63.52. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.42. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. Sell-side analysts expect that Hasbro will post 3.94 earnings per share for the current year.

Institutional Investors Weigh In On Hasbro

Large investors have recently modified their holdings of the business. Axiom Advisory LLC raised its position in shares of Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after purchasing an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after buying an additional 179 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after buying an additional 196 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after buying an additional 217 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Hasbro by 0.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after buying an additional 288 shares during the last quarter. Hedge funds and other 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.