Hasbro (NASDAQ:HAS) Price Target Increased to $75.00 by Analysts at Monness Crespi & Hardt

Hasbro (NASDAQ:HAS) had its price objective boosted by Monness Crespi & Hardt from $60.00 to $75.00 in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. TheStreet cut shares of Hasbro from a c- rating to a d+ rating in a research note on Tuesday, February 13th. Bank of America raised their price objective on shares of Hasbro from $51.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, April 18th. 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 increased their target price on Hasbro from $61.00 to $63.00 and gave the stock a buy rating in a research note on Friday, April 19th. Finally, Roth Mkm lifted their price target on Hasbro from $60.00 to $65.00 and gave the company a buy rating in a research note on Monday, April 8th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $65.73.

Hasbro Stock Down 0.1 %

HAS stock opened at $64.97 on Thursday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97. The business has a 50 day simple moving average of $54.16 and a 200-day simple moving average of $51.14. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. During the same period in the prior year, the company earned $0.01 earnings per share. The business’s revenue was down 24.3% compared to the same quarter last year. As a group, equities analysts expect that Hasbro will post 3.26 EPS for the current year.

Hasbro Dividend Announcement

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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Hasbro by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock valued at $1,041,879,000 after acquiring an additional 55,258 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Hasbro by 76.6% in the third 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 during the last quarter. Cooke & Bieler LP increased its stake in shares of Hasbro by 31.6% during the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock worth $162,801,000 after purchasing an additional 765,898 shares in the last quarter. Finally, London Co. of Virginia raised its position in shares of Hasbro by 1.0% during the 3rd quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock worth $147,188,000 after purchasing an additional 21,634 shares during the last quarter. 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.