Hasbro, Inc. (NASDAQ:HAS) Receives $73.18 Average PT from Analysts

Hasbro, Inc. (NASDAQ:HAS) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $75.10.

A number of equities analysts have weighed in on HAS shares. Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus lifted their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their target price on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of HAS. Plato Investment Management Ltd bought a new stake in shares of Hasbro in the 2nd quarter worth about $27,000. Asset Dedication LLC increased its position in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at about $46,000. Finally, Summit Securities Group LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at about $47,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.0 %

Shares of HAS opened at $70.33 on Friday. The firm has a market cap of $9.79 billion, a PE ratio of -6.94, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company’s fifty day moving average is $69.84 and its two-hundred day moving average is $63.52. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.46. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. Analysts forecast that Hasbro will post 3.94 earnings per share for the current year.

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.