Hasbro (NASDAQ:HAS) Given New $75.00 Price Target at Monness Crespi & Hardt

Hasbro (NASDAQ:HAS) had its price target boosted by Monness Crespi & Hardt from $60.00 to $75.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other brokerages have also weighed in on HAS. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. Bank of America lifted their price objective on shares of Hasbro from $51.00 to $60.00 and gave the company a neutral rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Stifel Nicolaus raised their target price on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a report on Monday, April 15th. Finally, Roth Mkm boosted their price target on Hasbro from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Hasbro currently has a consensus rating of Hold and an average target price of $65.73.

Hasbro Stock Down 0.1 %

Hasbro stock opened at $64.97 on Thursday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.97 and a current ratio of 1.11. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57. The company’s fifty day simple moving average is $54.16 and its 200-day simple moving average is $51.14.

Hasbro (NASDAQ:HAS) last issued 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 positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. On average, sell-side analysts predict that Hasbro will post 3.26 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.31%. Hasbro’s payout ratio is presently -27.61%.

Institutional Trading of Hasbro

Hedge funds have recently added to or reduced their stakes in the business. Studio Investment Management LLC acquired a new position in shares of Hasbro during the third quarter worth approximately $26,000. Lindbrook Capital LLC increased its position in Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares during the period. Parkside Financial Bank & Trust raised its stake in Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the last quarter. ING Groep NV bought a new stake in Hasbro in the 3rd quarter valued at $29,000. Finally, Optiver Holding B.V. acquired a new stake in Hasbro in the 4th quarter worth $36,000. Institutional investors own 91.83% of the company’s stock.

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.