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

Hasbro (NASDAQ:HAS) had its target price hoisted by stock analysts at BMO Capital Markets from $83.00 to $100.00 in a report released on Thursday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 0.77% from the company’s previous close.

HAS has been the topic of several other research reports. B. Riley began coverage on shares of Hasbro in a research note on Thursday, December 21st. They set a “buy” rating and a $108.00 target price on the stock. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. DA Davidson reaffirmed a “buy” rating and set a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. UBS Group set a $104.00 target price on shares of Hasbro and gave the stock a “hold” rating in a research note on Monday, November 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $102.00 target price on shares of Hasbro in a research note on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hasbro currently has a consensus rating of “Hold” and an average price target of $109.87.

Shares of Hasbro (NASDAQ HAS) traded down $2.98 on Thursday, reaching $99.24. 696,173 shares of the company’s stock traded hands, compared to its average volume of 1,826,945. Hasbro has a 52 week low of $87.92 and a 52 week high of $116.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. The firm has a market cap of $11,699.51, a PE ratio of 21.21, a PEG ratio of 1.54 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. sell-side analysts predict that Hasbro will post 4.97 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. New Mexico Educational Retirement Board boosted its position in shares of Hasbro by 4.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock valued at $996,000 after acquiring an additional 500 shares during the last quarter. Cape Cod Five Cents Savings Bank boosted its position in shares of Hasbro by 13.1% during the 4th quarter. Cape Cod Five Cents Savings Bank now owns 20,550 shares of the company’s stock valued at $1,867,000 after acquiring an additional 2,381 shares during the last quarter. Capital One National Association boosted its position in shares of Hasbro by 14.5% during the 4th quarter. Capital One National Association now owns 10,424 shares of the company’s stock valued at $947,000 after acquiring an additional 1,319 shares during the last quarter. Ffcm LLC boosted its position in shares of Hasbro by 20.6% during the 4th quarter. Ffcm LLC now owns 5,584 shares of the company’s stock valued at $508,000 after acquiring an additional 954 shares during the last quarter. Finally, Girard Partners LTD. acquired a new position in shares of Hasbro during the 4th quarter valued at about $800,000. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

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Hasbro Company Profile

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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