Morgan Stanley Raises Hasbro (NASDAQ:HAS) Price Target to $79.00

Hasbro (NASDAQ:HAS) had its price objective boosted by Morgan Stanley from $78.00 to $79.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Hasbro from a neutral rating to an overweight rating and increased their target price for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Roth Mkm increased their target price on shares of Hasbro from $65.00 to $75.00 and gave the stock a buy rating in a report on Thursday, April 25th. DA Davidson reissued a neutral rating and set a $59.00 price target on shares of Hasbro in a research report on Friday. UBS Group increased their price target on shares of Hasbro from $68.00 to $69.00 and gave the company a buy rating in a research report on Friday, May 24th. Finally, Monness Crespi & Hardt increased their price target on shares of Hasbro from $60.00 to $75.00 and gave the company a buy rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $70.08.

Hasbro Trading Up 1.3 %

HAS stock opened at $64.70 on Friday. The firm’s fifty day simple moving average is $59.55 and its two-hundred day simple moving average is $56.12. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of -6.38, a price-to-earnings-growth ratio of 0.50 and a beta of 0.62. Hasbro has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, analysts anticipate that Hasbro will post 3.86 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 4.33%. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Insider Activity at Hasbro

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares in the company, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is owned by insiders.

Hedge Funds Weigh In On Hasbro

Several institutional investors have recently bought and sold shares of HAS. Lindbrook Capital LLC grew its position in shares of Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Hasbro during the fourth quarter worth about $36,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Hasbro by 118.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after buying an additional 456 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Hasbro during the fourth quarter worth about $45,000. 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.