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

Hasbro (NASDAQ:HAS - Get Free Report) had its price target raised by investment analysts at DA Davidson from $59.00 to $73.00 in a report released on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. DA Davidson's price target would suggest a potential upside of 9.91% from the stock's current price.

HAS has been the subject of a number of other reports. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday. Bank of America upped their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday. Jefferies Financial Group upped their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and a consensus target price of $77.80.

Hasbro Price Performance

Shares of NASDAQ:HAS traded up $0.32 during midday trading on Friday, hitting $66.42. 2,267,198 shares of the stock were exchanged, compared to its average volume of 1,635,413. The stock has a market cap of $9.25 billion, a P/E ratio of -6.55, a PEG ratio of 0.54 and a beta of 0.61. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.46. The company has a 50 day moving average price of $69.84 and a 200-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 - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The company's revenue for the quarter was down 14.8% compared to the same quarter last year. On average, research analysts forecast that Hasbro will post 3.94 earnings per share for the current year.

Hedge Funds Weigh In On Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of HAS. Axiom Advisory LLC boosted its holdings in Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company's stock valued at $787,000 after purchasing an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Hasbro by 2.8% during the 2nd 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 during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company's stock worth $81,000 after buying an additional 196 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of Hasbro by 4.6% in the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company's stock worth $356,000 after buying an additional 217 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Hasbro by 0.9% in the second 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 in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

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.