Hasbro (NASDAQ:HAS) PT Raised to $115.00 at Jefferies Financial Group


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Hasbro (NASDAQ:HAS) had its target price raised by stock analysts at Jefferies Financial Group from $113.00 to $115.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 15.74% from the company’s current price.

Several other brokerages have also commented on HAS. BMO Capital Markets dropped their price objective on Hasbro from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday, February 9th. Bank of America raised their price objective on Hasbro from $92.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, February 4th. KeyCorp lifted their price target on Hasbro from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Truist Securities lifted their price target on Hasbro from $95.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, March 22nd. Finally, Stifel Nicolaus reduced their price objective on Hasbro from $115.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, February 9th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Hasbro has an average rating of “Buy” and an average price target of $102.13.

Shares of Hasbro stock opened at $99.36 on Tuesday. The stock’s fifty day moving average is $97.13 and its two-hundred day moving average is $93.31. The company has a market capitalization of $13.67 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90. The company has a quick ratio of 1.39, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. Hasbro has a 52 week low of $60.20 and a 52 week high of $101.24.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, April 27th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.36. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Hasbro had a return on equity of 17.99% and a net margin of 7.44%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. As a group, research analysts anticipate that Hasbro will post 3.58 earnings per share for the current year.

Several hedge funds have recently modified their holdings of HAS. FMR LLC raised its stake in shares of Hasbro by 3.2% during the 1st quarter. FMR LLC now owns 60,034 shares of the company’s stock worth $5,104,000 after buying an additional 1,884 shares in the last quarter. Advisor Partners LLC grew its holdings in shares of Hasbro by 10.6% in the 3rd quarter. Advisor Partners LLC now owns 4,754 shares of the company’s stock worth $393,000 after acquiring an additional 457 shares during the period. Brinker Capital Investments LLC acquired a new stake in shares of Hasbro in the 3rd quarter worth approximately $2,324,000. Van ECK Associates Corp grew its holdings in shares of Hasbro by 20.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,013 shares of the company’s stock worth $84,000 after acquiring an additional 175 shares during the period. Finally, Sei Investments Co. grew its holdings in Hasbro by 45.9% during the 3rd quarter. Sei Investments Co. now owns 56,614 shares of the company’s stock valued at $4,719,000 after buying an additional 17,807 shares during the last quarter. 79.27% of the stock is owned by institutional investors and hedge funds.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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