Hasbro (NASDAQ:HAS) Given New $63.00 Price Target at Jefferies Financial Group

Hasbro (NASDAQ:HAS) had its target price upped by Jefferies Financial Group from $61.00 to $63.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on HAS. Roth Mkm raised their target price on Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, April 8th. DA Davidson reissued a neutral rating and set a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. StockNews.com raised Hasbro from a sell rating to a hold rating in a research report on Monday, April 15th. Stifel Nicolaus raised their target price on Hasbro from $64.00 to $67.00 and gave the stock a buy rating in a research report on Monday, April 15th. Finally, Bank of America raised their target price on Hasbro from $51.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of Hold and a consensus price target of $62.80.

Hasbro Price Performance

HAS opened at $55.27 on Friday. The stock’s 50-day moving average price is $53.39 and its 200 day moving average price is $51.14. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of -5.16, a PEG ratio of 1.45 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) 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%. Hasbro’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 EPS. As a group, sell-side analysts expect that Hasbro will post 3.26 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.07%. Hasbro’s dividend payout ratio is presently -26.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HAS. Capital Research Global Investors grew its stake in shares of Hasbro by 27.0% in the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Morgan Stanley grew 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 purchasing an additional 2,541,129 shares during the last quarter. State Street Corp grew its stake in shares of Hasbro by 35.8% in the 1st quarter. State Street Corp now owns 6,888,597 shares of the company’s stock valued at $369,849,000 after purchasing an additional 1,814,972 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $217,063,000 after purchasing an additional 1,423,517 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Hasbro in the 4th quarter valued at approximately $70,544,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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.