Hasbro (NASDAQ:HAS) Price Target Increased to $60.00 by Analysts at Bank of America

Hasbro (NASDAQ:HAS) had its price objective lifted by Bank of America from $51.00 to $60.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on the company. DA Davidson restated a neutral rating and issued a $52.00 price objective on shares of Hasbro in a report on Tuesday, March 26th. Stifel Nicolaus increased their price objective on Hasbro from $64.00 to $67.00 and gave the company a buy rating in a report on Monday. Jefferies Financial Group increased their price objective on Hasbro from $58.00 to $61.00 and gave the company a buy rating in a report on Friday, March 15th. StockNews.com upgraded Hasbro from a sell rating to a hold rating in a report on Monday. Finally, TheStreet downgraded Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $62.60.

Hasbro Stock Up 0.2 %

Shares of NASDAQ:HAS opened at $54.94 on Thursday. The company has a fifty day moving average of $53.30 and a 200-day moving average of $51.20. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm’s quarterly revenue was down 23.2% on a year-over-year basis. During the same quarter last year, the company posted $1.31 earnings per share. Analysts forecast that Hasbro will post 3.25 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.10%. Hasbro’s dividend payout ratio (DPR) is currently -26.12%.

Institutional Trading of Hasbro

A number of institutional investors have recently bought and sold shares of the company. Worth Asset Management LLC bought a new position in shares of Hasbro during the 1st quarter worth about $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Power Corp of Canada bought a new position in shares of Hasbro during the 1st quarter worth about $29,000. Studio Investment Management LLC bought a new position in shares of Hasbro during the 3rd quarter worth about $26,000. Finally, ING Groep NV bought a new position in shares of Hasbro during the 3rd quarter worth about $29,000. Institutional investors 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.