Hasbro (NASDAQ:HAS) PT Raised to $92.00 at Morgan Stanley

Hasbro (NASDAQ:HAS) had its target price increased by investment analysts at Morgan Stanley from $80.00 to $92.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 38.51% from the stock’s current price.

HAS has been the subject of a number of other research reports. Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. DA Davidson reissued a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America boosted their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.80.

Hasbro Stock Up 0.5 %

Shares of HAS opened at $66.42 on Friday. Hasbro has a fifty-two week low of $42.66 and a fifty-two week high of $73.46. The company’s fifty day moving average is $69.84 and its two-hundred day moving average is $63.60. The firm has a market cap of $9.26 billion, a PE ratio of -8.90, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.42. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 earnings per share. Analysts forecast that Hasbro will post 3.94 earnings per share for the current year.

Hedge Funds Weigh In On Hasbro

Several institutional investors and hedge funds have recently made changes to their positions in the business. Axiom Advisory LLC raised its stake in shares of Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after purchasing an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after buying an additional 196 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in shares of Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after acquiring an additional 217 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Hasbro by 0.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after acquiring an additional 288 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other 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.