Bank of America Increases Hasbro (NASDAQ:HAS) Price Target to $60.00

Hasbro (NASDAQ:HAS) had its target price upped by stock analysts at Bank of America from $51.00 to $60.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price suggests a potential upside of 9.97% from the company’s current price.

A number of other research analysts have also recently weighed in on HAS. TheStreet cut shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Jefferies Financial Group lifted their price objective on shares of Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a report on Friday, March 15th. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus lifted their price objective on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hasbro has an average rating of “Hold” and an average price target of $62.60.

Hasbro Stock Performance

NASDAQ HAS traded down $0.26 on Thursday, reaching $54.56. 498,753 shares of the company’s stock traded hands, compared to its average volume of 1,678,552. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of -5.10, a P/E/G ratio of 1.46 and a beta of 0.74. The stock has a 50 day moving average price of $53.21 and a 200-day moving average price of $51.18. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $1.31 EPS. The firm’s quarterly revenue was down 23.2% on a year-over-year basis. Equities research analysts predict that Hasbro will post 3.25 EPS for the current fiscal year.

Institutional Trading of Hasbro

Large investors have recently bought and sold shares of the business. Carolinas Wealth Consulting LLC boosted its holdings in Hasbro by 60.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Studio Investment Management LLC acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $26,000. Worth Asset Management LLC acquired a new position in shares of Hasbro in the 1st quarter worth approximately $27,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after acquiring an additional 408 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.