Hasbro (NASDAQ:HAS) Price Target Increased to $63.00 by Analysts at Jefferies Financial Group

Hasbro (NASDAQ:HAS) had its target price hoisted by research analysts at Jefferies Financial Group from $61.00 to $63.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 14.67% from the stock’s previous close.

HAS has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Roth Mkm lifted their price target on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 8th. Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday. Bank of America lifted their price target on Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday. Finally, StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report 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 currently has an average rating of “Hold” and an average price target of $62.80.

Hasbro Trading Up 0.2 %

Hasbro stock opened at $54.94 on Friday. The stock has a market cap of $7.63 billion, a PE ratio of -5.13, a P/E/G ratio of 1.45 and a beta of 0.74. The stock has a 50-day moving average price of $53.30 and a 200 day moving average price of $51.20. Hasbro has a 52 week low of $42.66 and a 52 week high of $73.57. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors lifted its position in shares of Hasbro by 27.0% in the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after acquiring an additional 3,273,563 shares during the period. Morgan Stanley increased its holdings in Hasbro by 232.3% during the 4th quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock valued at $221,763,000 after purchasing an additional 2,541,129 shares in the last quarter. State Street Corp increased its holdings in Hasbro by 35.8% during the 1st quarter. State Street Corp now owns 6,888,597 shares of the company’s stock valued at $369,849,000 after purchasing an additional 1,814,972 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Hasbro by 76.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after purchasing an additional 1,423,517 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hasbro in the 4th quarter valued at $70,544,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.