Hasbro (NASDAQ:HAS) Price Target Raised to $63.00 at Jefferies Financial Group

Hasbro (NASDAQ:HAS) had its target price lifted by Jefferies Financial Group from $61.00 to $63.00 in a research report report published on Friday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

HAS has been the subject of a number of other reports. Bank of America raised their price objective on shares of Hasbro from $51.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, April 18th. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $52.00 to $54.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Roth Mkm raised their price objective on shares of Hasbro from $60.00 to $65.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus raised their target price on shares of Hasbro from $64.00 to $67.00 and gave the company a buy rating in a research note on Monday, April 15th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $62.80.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $55.90 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of $7.76 billion, a PE ratio of -5.21, a P/E/G ratio of 0.96 and a beta of 0.74. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a 50-day moving average price of $53.49 and a two-hundred day moving average price of $50.95.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $1.31 earnings per share. Hasbro’s revenue was down 23.2% compared to the same quarter last year. Equities analysts forecast that Hasbro will post 3.27 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HAS. Vanguard Group Inc. increased its stake in shares of Hasbro by 0.4% in the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock worth $1,041,879,000 after buying an additional 55,258 shares during the period. Capital Research Global Investors increased its stake in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after buying an additional 3,273,563 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Hasbro by 76.6% in the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock worth $217,063,000 after buying an additional 1,423,517 shares during the period. Cooke & Bieler LP increased its stake in shares of Hasbro by 31.6% in the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock worth $162,801,000 after buying an additional 765,898 shares during the period. Finally, London Co. of Virginia increased its stake in shares of Hasbro by 1.0% in the third quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock worth $147,188,000 after buying an additional 21,634 shares during the period. 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.