Hasbro (NASDAQ:HAS) Price Target Increased to $67.00 by Analysts at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its price target boosted by Stifel Nicolaus from $64.00 to $67.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their target price on Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Jefferies Financial Group upped their target price on shares of Hasbro from $58.00 to $61.00 and gave the company a buy rating in a research note on Friday, March 15th. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. DA Davidson restated a neutral rating and issued a $52.00 price objective on shares of Hasbro in a research report on Tuesday, March 26th. Finally, StockNews.com lowered Hasbro from a hold rating to a sell rating in a report on Friday, March 29th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hasbro presently has an average rating of Hold and a consensus target price of $61.90.

Hasbro Trading Down 0.4 %

HAS opened at $54.82 on Monday. The firm has a 50 day simple moving average of $53.21 and a 200 day simple moving average 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 market cap of $7.61 billion, a price-to-earnings ratio of -5.11, a price-to-earnings-growth ratio of 1.48 and a beta of 0.74. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The firm’s revenue for the quarter was down 23.2% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro will post 3.24 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Institutional Trading of Hasbro

A number of institutional investors have recently modified their holdings of the company. Aigen Investment Management LP bought a new stake in Hasbro in the 3rd quarter valued at approximately $1,250,000. Janney Montgomery Scott LLC boosted its holdings in Hasbro by 6.5% during the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock worth $3,133,000 after purchasing an additional 2,875 shares during the last quarter. Albion Financial Group UT grew its position in Hasbro by 105.7% in the third quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock valued at $3,885,000 after purchasing an additional 30,192 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Hasbro by 125.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after buying an additional 15,466 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Hasbro by 2,610.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock worth $2,871,000 after buying an additional 41,812 shares in the last quarter. 91.83% of the stock is currently owned by 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.