Jefferies Financial Group Raises Hasbro (NASDAQ:HAS) Price Target to $95.00

Hasbro (NASDAQ:HAS) had its target price raised by Jefferies Financial Group from $90.00 to $95.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 15.07% from the stock’s current price.

Several other equities research analysts have also commented on HAS. The Goldman Sachs Group upped their target price on Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Morgan Stanley reissued an “overweight” rating and issued a $94.00 price target on shares of Hasbro in a research note on Sunday, December 14th. Bank of America raised their price objective on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Citigroup increased their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Hasbro Stock Up 1.1%

Shares of NASDAQ HAS opened at $82.56 on Monday. The company’s 50 day moving average price is $79.39 and its 200-day moving average price is $77.27. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. Hasbro has a 52-week low of $49.00 and a 52-week high of $85.14. The company has a market capitalization of $11.59 billion, a P/E ratio of -20.59, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. Hasbro’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.73 earnings per share. Equities analysts forecast that Hasbro will post 4.33 earnings per share for the current year.

Insider Activity at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director owned 17,102 shares in the company, valued at $1,320,958.48. This represents a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently modified their holdings of HAS. Brighton Jones LLC bought a new stake in Hasbro in the 4th quarter valued at about $317,000. American Century Companies Inc. raised its position in shares of Hasbro by 21.3% in the first quarter. American Century Companies Inc. now owns 13,596 shares of the company’s stock valued at $836,000 after purchasing an additional 2,392 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hasbro by 14.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,342 shares of the company’s stock valued at $451,000 after buying an additional 930 shares in the last quarter. Jump Financial LLC boosted its holdings in Hasbro by 129.5% in the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after buying an additional 6,219 shares during the period. Finally, Comerica Bank grew its position in shares of Hasbro by 14.1% in the first quarter. Comerica Bank now owns 52,642 shares of the company’s stock valued at $3,237,000 after purchasing an additional 6,525 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.