Hasbro (NASDAQ:HAS) Price Target Increased to $70.00 by Analysts at Bank of America

Hasbro (NASDAQ:HAS) had its price target upped by equities researchers at Bank of America from $60.00 to $70.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price objective indicates a potential upside of 8.51% from the stock’s current price.

A number of other analysts have also issued reports on the company. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. Roth Mkm raised their price objective on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their price objective on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Jefferies Financial Group lifted their price objective on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of “Hold” and a consensus target price of $65.73.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded down $0.52 on Thursday, hitting $64.51. 1,108,297 shares of the company were exchanged, compared to its average volume of 1,765,765. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.57. The firm has a market capitalization of $8.95 billion, a P/E ratio of -6.04, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. 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 stock’s 50 day moving average price is $53.88 and its 200 day moving average price is $51.05.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The business had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter last year, the company earned $0.01 EPS. The business’s revenue was down 24.3% on a year-over-year basis. Sell-side analysts predict that Hasbro will post 3.26 EPS for the current year.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake in Hasbro by 19.2% during the 3rd quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $92,000 after purchasing an additional 224 shares during the period. Oak Thistle LLC purchased a new position in shares of Hasbro in the third quarter worth $734,000. Czech National Bank raised its stake in Hasbro by 47.8% in the 3rd quarter. Czech National Bank now owns 22,794 shares of the company’s stock worth $1,508,000 after acquiring an additional 7,370 shares during the last quarter. Ballentine Partners LLC purchased a new position in Hasbro during the 3rd quarter worth approximately $249,000. Finally, HGK Asset Management Inc. acquired a new stake in Hasbro in the third quarter valued at approximately $281,000. Institutional investors own 91.83% of the company’s stock.

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.