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

Hasbro (NASDAQ:HAS) had its target price hoisted by analysts at Jefferies Financial Group from $61.00 to $63.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 14.67% from the stock’s current price.

HAS has been the subject of a number of other reports. DA Davidson reaffirmed a “neutral” rating and issued a $52.00 target price on shares of Hasbro in a research report on Tuesday, March 26th. TheStreet downgraded Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note 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 research note on Thursday. Finally, Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.80.

Hasbro Stock Performance

Shares of Hasbro stock opened at $54.94 on Friday. Hasbro has a one year low of $42.66 and a one year high of $73.57. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of -5.13, a PEG ratio of 1.45 and a beta of 0.74. The business has a 50-day simple moving average of $53.30 and a 200 day simple moving average of $51.20. 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 issued its earnings results on Tuesday, February 13th. The company reported $0.38 EPS 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 the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was down 23.2% on a year-over-year basis. On average, research analysts anticipate that Hasbro will post 3.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aigen Investment Management LP purchased a new position in Hasbro in the third quarter valued at approximately $1,250,000. Janney Montgomery Scott LLC lifted its stake in Hasbro by 6.5% in the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock valued at $3,133,000 after purchasing an additional 2,875 shares during the last quarter. Albion Financial Group UT lifted its stake 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 during the last quarter. Assenagon Asset Management S.A. lifted its stake in Hasbro by 125.3% in the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock valued at $1,839,000 after purchasing an additional 15,466 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Hasbro by 2,610.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock valued at $2,871,000 after purchasing an additional 41,812 shares during the last quarter. Hedge funds and other institutional investors 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.