Morgan Stanley Increases Hasbro (NASDAQ:HAS) Price Target to $92.00

Hasbro (NASDAQ:HAS) had its price objective raised by stock analysts at Morgan Stanley from $80.00 to $92.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 38.51% from the company’s current price.

HAS has been the subject of a number of other research reports. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus lifted their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. DA Davidson reissued a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Bank of America boosted their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.80.

Hasbro Stock Performance

NASDAQ HAS opened at $66.42 on Friday. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 0.53 and a beta of 0.61. The business’s 50 day moving average is $69.84 and its two-hundred day moving average is $63.60. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.42. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. Research analysts expect that Hasbro will post 3.94 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new position in shares of Hasbro in the second quarter valued at approximately $27,000. Asset Dedication LLC raised its holdings in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Hasbro during the second quarter worth $46,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Hasbro in the second quarter valued at $47,000. 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.