Hasbro (NASDAQ:HAS) PT Raised to $70.00 at Bank of America

Hasbro (NASDAQ:HAS) had its price target boosted by investment analysts at Bank of America from $60.00 to $70.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price points to a potential upside of 8.58% from the stock’s previous close.

A number of other brokerages also recently weighed in on HAS. Roth Mkm raised their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. DA Davidson reaffirmed a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research note on Tuesday, March 26th. Jefferies Financial Group raised their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Monness Crespi & Hardt raised their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.73.

Hasbro Price Performance

HAS stock opened at $64.47 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. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57. The firm has a 50-day moving average of $54.43 and a 200 day moving average of $51.18.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share 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 the consensus estimate of $739.84 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was down 24.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hasbro will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HAS. Studio Investment Management LLC purchased a new stake in Hasbro in the 3rd quarter worth $26,000. ING Groep NV purchased a new stake in Hasbro in the 3rd quarter worth $29,000. Lindbrook Capital LLC lifted its stake in Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after purchasing an additional 167 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after purchasing an additional 408 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Hasbro in the 3rd quarter worth $37,000. 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.