Roth Mkm Forecasts Strong Price Appreciation for Hasbro (NASDAQ:HAS) Stock

Hasbro (NASDAQ:HAS) had its target price increased by equities researchers at Roth Mkm from $68.00 to $82.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 21.37% from the stock’s previous close.

A number of other research firms have also recently weighed in on HAS. Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, 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, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Hasbro Stock Down 2.2 %

HAS stock opened at $67.56 on Friday. Hasbro has a twelve month low of $48.63 and a twelve month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The stock has a market cap of $9.42 billion, a P/E ratio of 24.57, a PEG ratio of 0.60 and a beta of 0.64. The business’s 50-day moving average price is $58.42 and its 200-day moving average price is $64.20.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities research analysts forecast that Hasbro will post 4.33 EPS for the current year.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Institutional Trading of Hasbro

A number of large investors have recently added to or reduced their stakes in HAS. Vanguard Group Inc. increased its position in shares of Hasbro by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company’s stock valued at $914,599,000 after purchasing an additional 404,527 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hasbro by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company’s stock valued at $188,269,000 after purchasing an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. increased its position in shares of Hasbro by 28.5% during the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock valued at $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

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.