Hasbro (HAS) Price Target Raised to $100.00 at BMO Capital Markets

Hasbro (NASDAQ:HAS) had its target price increased by investment analysts at BMO Capital Markets from $83.00 to $100.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 2.32% from the company’s current price.

A number of other equities research analysts have also issued reports on HAS. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. UBS Group set a $104.00 price target on Hasbro and gave the stock a “hold” rating in a research note on Monday, November 13th. DA Davidson set a $124.00 price target on Hasbro and gave the stock a “buy” rating in a research note on Tuesday, November 14th. KeyCorp reissued a “buy” rating and set a $105.00 price target on shares of Hasbro in a research note on Tuesday, October 24th. Finally, Barclays raised Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Tuesday, October 24th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $109.87.

Shares of Hasbro (HAS) opened at $97.73 on Thursday. The stock has a market capitalization of $12,017.13, a P/E ratio of 31.32, a PEG ratio of 1.56 and a beta of 0.86. Hasbro has a one year low of $87.92 and a one year high of $116.20. The company has a quick ratio of 2.11, a current ratio of 2.90 and a debt-to-equity ratio of 0.93.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $1.64 EPS. sell-side analysts predict that Hasbro will post 5.31 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. raised its position in Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after purchasing an additional 1,065 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Hasbro during the 4th quarter valued at $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hasbro during the 4th quarter valued at $136,000. Highstreet Asset Management Inc. raised its position in Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after purchasing an additional 812 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in Hasbro during the 2nd quarter valued at $229,000. 79.32% of the stock is owned by institutional investors and hedge funds.

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About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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