Hasbro (NASDAQ:HAS) Price Target Increased to $75.00 by Analysts at Monness Crespi & Hardt

Hasbro (NASDAQ:HAS) had its target price lifted by stock analysts at Monness Crespi & Hardt from $60.00 to $75.00 in a note issued to investors on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target would suggest a potential upside of 15.33% from the stock’s previous close.

HAS has been the topic of a number of other reports. Jefferies Financial Group increased their price target on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson reiterated a “neutral” rating and set a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. Stifel Nicolaus increased their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Roth Mkm increased their price target on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.91.

Hasbro Trading Up 11.9 %

Shares of HAS opened at $65.03 on Thursday. The company has a market capitalization of $9.03 billion, a P/E ratio of -6.07, a P/E/G ratio of 1.01 and a beta of 0.74. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The stock has a 50-day moving average price of $53.88 and a 200 day moving average price of $51.05.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Hasbro’s revenue for the quarter was down 24.3% compared to the same quarter last year. Sell-side analysts forecast that Hasbro will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Krilogy Financial LLC bought a new position in Hasbro during the 1st quarter valued at $940,000. Simplicity Wealth LLC bought a new position in Hasbro during the 1st quarter valued at $538,000. IRON Financial LLC boosted its stake in Hasbro by 46.3% during the 1st quarter. IRON Financial LLC now owns 13,878 shares of the company’s stock valued at $784,000 after purchasing an additional 4,393 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Hasbro during the 1st quarter worth $201,000. Finally, WASHINGTON TRUST Co boosted its stake in shares of Hasbro by 13.6% during the 1st quarter. WASHINGTON TRUST Co now owns 102,422 shares of the company’s stock worth $5,789,000 after acquiring an additional 12,297 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

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.