Hasbro (NASDAQ:HAS) Given New $73.00 Price Target at DA Davidson

Hasbro (NASDAQ:HAS) had its price target boosted by analysts at DA Davidson from $59.00 to $73.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective suggests a potential upside of 9.91% from the company’s previous close.

Several other research firms also recently issued reports on HAS. Jefferies Financial Group upped their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus increased their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America increased their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.80.

Hasbro Stock Performance

HAS stock opened at $66.42 on Friday. 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 company has a market capitalization of $9.26 billion, a price-to-earnings ratio of -8.90, a P/E/G ratio of 0.53 and a beta of 0.61. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.46. The firm has a 50 day moving average of $69.84 and a two-hundred day moving average of $63.60.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.42. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. As a group, equities analysts anticipate that Hasbro will post 3.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Hasbro

A number of hedge funds have recently made changes to their positions in the business. 1620 Investment Advisors Inc. acquired a new stake in shares of Hasbro during the 3rd quarter worth about $326,000. Pinnacle Associates Ltd. increased its position in shares of Hasbro by 1.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,186 shares of the company’s stock worth $3,774,000 after purchasing an additional 600 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Hasbro during the 3rd quarter worth about $219,000. WASHINGTON TRUST Co increased its position in shares of Hasbro by 1.5% during the 3rd quarter. WASHINGTON TRUST Co now owns 100,932 shares of the company’s stock worth $7,299,000 after purchasing an additional 1,470 shares in the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Hasbro during the 3rd quarter worth about $18,163,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

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.