Roth Capital Cuts Hasbro (NASDAQ:HAS) Price Target to $100.00

Hasbro (NASDAQ:HAS) had its price objective cut by equities researchers at Roth Capital from $120.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Capital’s price objective indicates a potential upside of 27.85% from the stock’s current price.

Several other research firms have also recently weighed in on HAS. Wall Street Zen cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley lifted their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Bank of America boosted their price target on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company reduced their price objective on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Finally, Citigroup decreased their price objective on Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.79.

Hasbro Price Performance

Shares of NASDAQ HAS traded down $1.31 during midday trading on Tuesday, hitting $78.22. 521,250 shares of the company’s stock were exchanged, compared to its average volume of 1,931,224. Hasbro has a 12-month low of $69.50 and a 12-month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The company has a market cap of $11.07 billion, a price-to-earnings ratio of -47.11, a PEG ratio of 1.92 and a beta of 0.49. The business’s fifty day moving average price is $86.29 and its two-hundred day moving average price is $90.30.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. During the same period last year, the firm posted $1.04 earnings per share. Hasbro’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Hasbro will post 6.03 EPS for the current fiscal year.

Institutional Trading of Hasbro

Large investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new position in Hasbro during the 4th quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC increased its position in shares of Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares during the period. Woodline Partners LP increased its position in shares of Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after buying an additional 3,203 shares during the period. Finally, Focus Partners Wealth bought a new position in Hasbro in the first quarter worth about $292,000. 91.83% of the stock is owned by institutional investors.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.