A number of brokerages have recently issued reports on HAS. Stifel Nicolaus raised their price target on Hasbro from $76.00 to $78.00 and rated the company a “buy.” Morgan Stanley also raised their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating. DA Davidson maintained a “neutral” rating with a $59.00 target price. Bank of America increased their price target on Hasbro from $85.00 to $90.00 and rated the stock a “buy.” Four analysts have a hold rating on the stock, while eight have assigned a buy rating. The stock currently has a consensus rating of “Moderate Buy” with an average price target of $72.36.
View Our Latest Stock Report on Hasbro
Hasbro Price Performance
Shares of NASDAQ HAS traded up $0.09 on Tuesday, reaching $72.41. The company traded 1,247,314 shares, compared to an average volume of 1,655,945. Hasbro has a market cap of $10.08 billion, a PE ratio of -7.14, and a beta of 0.61. The stock’s 50-day and 200-day simple moving averages are $66.88 and $61.59 respectively. Hasbro’s 12-month low is $42.66 and high is $73.36. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27, and a current ratio of 1.46.
Hasbro (NASDAQ:HAS – Get Free Report) reported $1.22 earnings per share for the quarter ended July 25th, beating analysts’ estimates by $0.44. Revenue for the quarter was $995.30 million, surpassing expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. Analysts predict Hasbro will post 3.93 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hasbro
Various institutional investors have recently traded shares of HAS. Commonwealth Equity Services LLC increased its position in Hasbro by 77.2% during the 1st quarter. Intech Investment Management LLC and Mirae Asset Global Investments Co. Ltd. also saw significant increases in their holdings in the 1st quarter. State Board of Administration of Florida Retirement System and Dean Capital Management are among the institutional investors who have shown interest in Hasbro. Institutional investors now hold 91.83% of the company’s stock.
About Hasbro
Hasbro, Inc. operates as a toy and game company with subsidiaries across various regions. The company’s segments include Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other.
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