Hasbro (NASDAQ:HAS) Price Target Raised to $73.00 at DA Davidson

Hasbro (NASDAQ:HAS) had its price objective hoisted by DA Davidson from $59.00 to $73.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also issued reports on HAS. Stifel Nicolaus raised their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America boosted their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $77.80.

Hasbro Stock Up 0.5 %

HAS traded up $0.32 during trading on Friday, hitting $66.42. 2,267,257 shares of the stock were exchanged, compared to its average volume of 1,176,600. Hasbro has a 1-year low of $42.66 and a 1-year high of $73.46. The stock has a fifty day moving average price of $69.84 and a two-hundred day moving average price of $63.60. 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 (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.31 by $0.42. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, sell-side analysts predict that Hasbro will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Hasbro’s payout ratio is -37.53%.

Hedge Funds Weigh In On Hasbro

Several hedge funds have recently bought and sold shares of HAS. Swedbank AB acquired a new stake in Hasbro in the first quarter valued at $82,523,000. Samlyn Capital LLC increased its holdings in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares in the last quarter. AQR Capital Management LLC raised its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the last quarter. Smith Group Asset Management LLC purchased a new stake in shares of Hasbro in the third quarter valued at about $32,032,000. Finally, SG Americas Securities LLC grew its position in shares of Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after purchasing an additional 281,454 shares during the last quarter. 91.83% of the stock is 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.