Stifel Nicolaus Boosts Hasbro (NASDAQ:HAS) Price Target to $67.00

Hasbro (NASDAQ:HAS) had its target price raised by Stifel Nicolaus from $64.00 to $67.00 in a research report sent to investors on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Hasbro from $58.00 to $61.00 and gave the company a buy rating in a report on Friday, March 15th. JPMorgan Chase & Co. raised their target price on Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. StockNews.com lowered Hasbro from a hold rating to a sell rating in a research report on Friday, March 29th. Roth Mkm raised their price objective on Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, April 8th. Finally, TheStreet downgraded Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of Hold and an average price target of $61.90.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $54.82 on Monday. The company has a market capitalization of $7.61 billion, a PE ratio of -5.11, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The stock has a fifty day moving average of $53.21 and a 200-day moving average of $51.18. Hasbro has a one year low of $42.66 and a one year high of $73.57.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.33 billion. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.31 EPS. As a group, equities analysts anticipate that Hasbro will post 3.24 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed 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 yield of 5.11%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is presently -26.12%.

Institutional Trading of Hasbro

Several large investors have recently added to or reduced their stakes in HAS. Vanguard Group Inc. boosted its holdings in Hasbro by 0.4% in the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock worth $1,041,879,000 after purchasing an additional 55,258 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after acquiring an additional 3,273,563 shares in the last quarter. State Street Corp increased its holdings in shares of Hasbro by 2.4% during the 2nd quarter. State Street Corp now owns 7,054,891 shares of the company’s stock valued at $456,945,000 after acquiring an additional 166,294 shares during the last quarter. Morgan Stanley raised its stake in shares of Hasbro by 232.3% in the 4th quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock valued at $221,763,000 after acquiring an additional 2,541,129 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Hasbro by 76.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock worth $217,063,000 after purchasing an additional 1,423,517 shares during the last quarter. 91.83% of the stock is 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.