Hasbro PT Raised to $55.00 at Barclays (HAS)
Equities researchers at Barclays boosted their price objective on shares of Hasbro (NYSE:HAS) from $49.00 to $55.00 in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective indicates a potential upside of 5.02% from the stock’s previous close.
Shares of Hasbro (NYSE:HAS) traded up 0.02% during mid-day trading on Tuesday, hitting $52.37. The stock had a trading volume of 1,854,959 shares. Hasbro has a 1-year low of $39.68 and a 1-year high of $55.18. The stock has a 50-day moving average of $52.16 and a 200-day moving average of $49.72. The company has a market cap of $6.795 billion and a P/E ratio of 24.01.
Hasbro (NYSE:HAS) last announced its earnings results on Monday, February 10th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.10. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Hasbro will post $3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Hasbro’s previous quarterly dividend of $0.40.
Other equities research analysts have also recently issued reports about the stock. Analysts at McLean Capital Management downgraded shares of Hasbro from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. Analysts at Zacks reiterated a “neutral” rating on shares of Hasbro in a research note on Friday, January 10th. They now have a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and an average price target of $53.38.
Hasbro, Inc, engaged in providing children’s and family leisure time products with a range of portfolio of brands and entertainment properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.