Hasbro (NASDAQ:HAS) had its target price lifted by stock analysts at B. Riley from $108.00 to $110.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 12.55% from the stock’s previous close. B. Riley also issued estimates for Hasbro’s Q1 2018 earnings at $0.43 EPS, Q3 2018 earnings at $2.51 EPS and Q4 2018 earnings at $1.85 EPS.
A number of other brokerages also recently issued reports on HAS. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. DA Davidson reissued a “buy” rating and set a $124.00 target price (up 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 company a “hold” rating in a research note on Monday, November 13th. SunTrust Banks restated a “hold” rating and issued a $102.00 price target on shares of Hasbro in a research report on Thursday, October 12th. Finally, KeyCorp restated a “buy” rating and issued a $105.00 price target on shares of Hasbro in a research report on Tuesday, October 24th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $109.87.
Shares of Hasbro (HAS) traded up $1.25 during midday trading on Thursday, hitting $97.73. 2,910,000 shares of the company traded hands, compared to its average volume of 2,081,006. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.11. Hasbro has a 12-month low of $87.92 and a 12-month high of $116.20. The firm has a market capitalization of $12,172.86, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86.
A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its holdings in Hasbro by 15.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after buying an additional 426,136 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hasbro by 6.3% during the third quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock worth $226,136,000 after acquiring an additional 137,568 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Hasbro by 4.6% during the third quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock worth $197,025,000 after acquiring an additional 89,358 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Hasbro by 160.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after acquiring an additional 1,145,999 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Hasbro by 14.7% during the fourth quarter. Boston Partners now owns 1,443,904 shares of the company’s stock worth $131,237,000 after acquiring an additional 184,842 shares in the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.
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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.
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