Hasbro (NASDAQ:HAS) Given New $83.00 Price Target at Jefferies Financial Group

Hasbro (NASDAQ:HAS) had its price target boosted by analysts at Jefferies Financial Group from $75.00 to $83.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 14.63% from the company’s previous close.

A number of other brokerages have also recently issued reports on HAS. Stifel Nicolaus lifted their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday, July 26th. Morgan Stanley raised their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. DA Davidson restated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Finally, Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.36.

Hasbro Price Performance

Shares of NASDAQ HAS traded up $0.09 during midday trading on Tuesday, reaching $72.41. 1,247,314 shares of the company traded hands, compared to its average volume of 1,655,945. The firm has a market cap of $10.08 billion, a PE ratio of -7.14, a PEG ratio of 0.53 and a beta of 0.61. The stock’s 50-day simple moving average is $66.88 and its 200-day simple moving average is $61.59. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.36. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s revenue was down 17.7% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. As a group, equities analysts anticipate that Hasbro will post 3.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently bought and sold shares of HAS. Commonwealth Equity Services LLC increased its position in shares of Hasbro by 77.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock worth $2,750,000 after purchasing an additional 21,204 shares during the last quarter. Intech Investment Management LLC grew its holdings in Hasbro by 351.7% in the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock valued at $1,380,000 after buying an additional 19,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Hasbro by 95.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after buying an additional 19,113 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Hasbro by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after buying an additional 10,961 shares in the last quarter. Finally, Dean Capital Management acquired a new position in Hasbro in the 4th quarter valued at $767,000. 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.