Hasbro (NASDAQ:HAS) Price Target Raised to $92.00 at Morgan Stanley

Hasbro (NASDAQ:HAS) had its target price upped by Morgan Stanley from $80.00 to $92.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also issued reports on HAS. Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson reissued a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Finally, Stifel Nicolaus upped their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.80.

Hasbro Price Performance

HAS stock opened at $65.80 on Friday. The stock has a 50-day moving average price of $69.83 and a two-hundred day moving average price of $63.76. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a market cap of $9.16 billion, a PE ratio of -6.49, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. Hasbro’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, research analysts predict that Hasbro will post 3.94 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -27.61%.

Institutional Trading of Hasbro

A number of hedge funds have recently bought and sold shares of HAS. Plato Investment Management Ltd bought a new stake in Hasbro in the 2nd quarter worth approximately $27,000. Asset Dedication LLC lifted its position in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the last quarter. Blue Trust Inc. lifted its position in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Hasbro in the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC bought a new stake in Hasbro in the second quarter valued at approximately $47,000. 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.