Hasbro (NASDAQ:HAS) Shares Gap Up to $60.33

Hasbro, Inc. (NASDAQ:HAS) shares gapped up prior to trading on Thursday . The stock had previously closed at $60.33, but opened at $62.50. Hasbro shares last traded at $60.03, with a volume of 282,769 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on HAS shares. DA Davidson upped their target price on Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Stifel Nicolaus upped their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $61.00 to $74.00 in a report on Thursday. Finally, StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average target price of $68.09.

Hasbro Price Performance

The stock has a 50 day simple moving average of $58.16 and a 200-day simple moving average of $52.23. The firm has a market cap of $8.35 billion, a PE ratio of -5.94, a price-to-earnings-growth ratio of 1.00 and a beta of 0.67. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS) last announced its quarterly 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 firm had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same quarter last year, the firm earned $0.01 EPS. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. Equities analysts anticipate that Hasbro, Inc. will post 3.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 167 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after purchasing an additional 215 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Hasbro by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock worth $3,905,000 after purchasing an additional 220 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Hasbro by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after buying an additional 246 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Hasbro by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock worth $1,524,000 after acquiring an additional 299 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

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.