Hasbro (NASDAQ:HAS) Price Target Cut to $114.00 by Analysts at BNP Paribas Exane

Hasbro (NASDAQ:HAS) had its price target decreased by BNP Paribas Exane from $117.00 to $114.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BNP Paribas Exane’s target price indicates a potential upside of 42.19% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Roth Capital cut their target price on Hasbro from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group reaffirmed a “buy” rating and issued a $110.00 target price on shares of Hasbro in a research note on Thursday, June 18th. DA Davidson restated a “neutral” rating and issued a $100.00 price objective on shares of Hasbro in a research report on Thursday, May 21st. Wells Fargo & Company decreased their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Finally, Citigroup cut their price objective on Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average target price of $110.57.

Hasbro Price Performance

HAS traded up $1.75 during midday trading on Wednesday, hitting $80.17. The company had a trading volume of 887,923 shares, compared to its average volume of 1,929,966. The company has a market capitalization of $11.34 billion, a PE ratio of -48.26, a P/E/G ratio of 1.94 and a beta of 0.49. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The firm’s 50-day simple moving average is $85.97 and its 200-day simple moving average is $90.27. Hasbro has a twelve month low of $69.50 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter last year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that Hasbro will post 6.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank grew its stake in shares of Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after acquiring an additional 114 shares in the last quarter. Marathon Mission Inc. increased its holdings in shares of Hasbro by 1.4% during the second quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock worth $756,000 after buying an additional 128 shares in the last quarter. Signaturefd LLC boosted its position in Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares during the period. Personal CFO Solutions LLC grew its position in shares of Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after buying an additional 137 shares during the last quarter. Finally, Severin Investments LLC raised its stake in Hasbro by 3.1% during the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after buying an additional 137 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.