Hasbro (NASDAQ:HAS) Price Target Increased to $90.00 by Analysts at Bank of America

Hasbro (NASDAQ:HAS) had its target price hoisted by Bank of America from $85.00 to $90.00 in a research note issued to investors on Monday, Marketbeat.com reports. Bank of America currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. DA Davidson reiterated a neutral rating and set a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. UBS Group lifted their price target on shares of Hasbro from $68.00 to $69.00 and gave the stock a buy rating in a report on Friday, May 24th. Morgan Stanley upped their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an overweight rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised shares of Hasbro from a neutral rating to an overweight rating and lifted their target price for the stock from $61.00 to $74.00 in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus boosted their price target on Hasbro from $76.00 to $78.00 and gave the company a buy rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $70.55.

Hasbro Stock Up 1.1 %

Shares of NASDAQ HAS opened at $71.16 on Monday. The firm’s 50-day moving average is $65.00 and its two-hundred day moving average is $60.42. The company has a market capitalization of $9.91 billion, a PE ratio of -7.02, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. Hasbro has a 12-month low of $42.66 and a 12-month high of $72.20. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. Hasbro’s revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts anticipate that Hasbro will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.93%. Hasbro’s dividend payout ratio is presently -27.61%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HAS. Lindbrook Capital LLC raised its position in Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC lifted its position in Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares in the last quarter. Optiver Holding B.V. purchased a new position in Hasbro in the 4th quarter worth approximately $36,000. Finally, International Assets Investment Management LLC purchased a new position in Hasbro in the 2nd quarter worth approximately $46,000. 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.