Hasbro (NASDAQ:HAS) Price Target Increased to $82.00 by Analysts at Stifel Nicolaus

Hasbro (NASDAQ:HAS) had its price target raised by Stifel Nicolaus from $78.00 to $82.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group boosted their target price on Hasbro from $75.00 to $83.00 and gave the company a buy rating in a research note on Tuesday, October 1st. Bank of America boosted their price objective on Hasbro from $85.00 to $90.00 and gave the company a buy rating in a research report on Monday, September 16th. DA Davidson restated a neutral rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Finally, Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the company an overweight rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hasbro has a consensus rating of Moderate Buy and an average target price of $72.73.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $72.13 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.46. The stock has a market capitalization of $10.06 billion, a P/E ratio of -9.67, a P/E/G ratio of 0.54 and a beta of 0.61. The business has a 50-day moving average price of $68.40 and a two-hundred day moving average price of $62.49.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities analysts predict that Hasbro will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date was Wednesday, August 21st. Hasbro’s payout ratio is -37.53%.

Hedge Funds Weigh In On Hasbro

Several hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its holdings in shares of Hasbro by 4.5% in the 3rd quarter. Sound Income Strategies LLC now owns 156,191 shares of the company’s stock valued at $11,296,000 after buying an additional 6,773 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Hasbro by 4,014.4% in the third quarter. Exchange Traded Concepts LLC now owns 4,567 shares of the company’s stock valued at $330,000 after acquiring an additional 4,456 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Hasbro by 9,547.8% in the third quarter. Contravisory Investment Management Inc. now owns 11,095 shares of the company’s stock valued at $802,000 after acquiring an additional 10,980 shares during the last quarter. USA Financial Formulas grew its position in shares of Hasbro by 36,079.3% in the 3rd quarter. USA Financial Formulas now owns 20,984 shares of the company’s stock valued at $1,518,000 after acquiring an additional 20,926 shares during the period. Finally, CWM LLC increased its stake in shares of Hasbro by 481.2% during the 3rd quarter. CWM LLC now owns 17,871 shares of the company’s stock worth $1,292,000 after purchasing an additional 14,796 shares during the last quarter. 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.