Hasbro (NASDAQ:HAS) Rating Reiterated by Roth Mkm

Hasbro (NASDAQ:HAS)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $60.00 target price on the stock. Roth Mkm’s price target points to a potential upside of 6.23% from the company’s previous close.

A number of other equities analysts also recently issued reports on HAS. Stifel Nicolaus reaffirmed a “buy” rating and issued a $64.00 price target on shares of Hasbro in a report on Wednesday, March 13th. TheStreet cut shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. DA Davidson reiterated a “neutral” rating and set a $52.00 target price on shares of Hasbro in a research report on Tuesday. Finally, Jefferies Financial Group upped their target price on Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Six research 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 a consensus rating of “Hold” and a consensus target price of $61.10.

Hasbro Stock Up 3.4 %

Shares of Hasbro stock opened at $56.48 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.13 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. The company has a market capitalization of $7.84 billion, a P/E ratio of -5.27, a P/E/G ratio of 1.49 and a beta of 0.73. The company has a 50 day moving average of $51.20 and a 200 day moving average of $52.30.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The firm 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 business’s revenue for the quarter was down 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. As a group, research analysts forecast that Hasbro will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Hasbro

Several institutional investors have recently bought and sold shares of HAS. Carolinas Wealth Consulting LLC increased its position in 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 during the period. Studio Investment Management LLC acquired a new position in Hasbro during the third quarter worth $26,000. Worth Asset Management LLC purchased a new position in Hasbro in the first quarter worth $27,000. Parkside Financial Bank & Trust lifted its holdings in Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after acquiring an additional 408 shares during the period. Finally, ING Groep NV purchased a new stake in shares of Hasbro during the 3rd quarter worth $29,000. 91.83% of the stock is owned by institutional investors and hedge funds.

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.