KeyCorp Boosts Hasbro (HAS) Price Target to $110.00

Hasbro (NASDAQ:HAS) had its price target raised by investment analysts at KeyCorp from $105.00 to $110.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 13.84% from the company’s previous close. KeyCorp also issued estimates for Hasbro’s Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $2.34 EPS, Q4 2018 earnings at $1.96 EPS and FY2019 earnings at $5.80 EPS.

HAS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. UBS Group set a $104.00 price objective on shares of Hasbro and gave the company a “hold” rating in a research report on Monday, November 13th. DA Davidson set a $124.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research report on Tuesday, November 14th. Barclays upgraded shares of Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $95.00 price objective (down from $100.00) on shares of Hasbro in a research report on Tuesday, October 24th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hasbro has an average rating of “Hold” and a consensus target price of $109.87.

Hasbro (NASDAQ HAS) traded down $1.10 during trading on Thursday, hitting $96.63. 1,312,900 shares of the stock were exchanged, compared to its average volume of 1,890,901. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.56 and a current ratio of 2.90. Hasbro has a one year low of $87.92 and a one year high of $116.20. The company has a market cap of $12,172.82, a P/E ratio of 30.97, a P/E/G ratio of 1.56 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. equities analysts expect that Hasbro will post 5.37 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in HAS. Thrivent Financial For Lutherans grew its stake in shares of Hasbro by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock worth $475,000 after purchasing an additional 140 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hasbro by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 436,606 shares of the company’s stock worth $48,683,000 after purchasing an additional 19,562 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Hasbro in the 2nd quarter worth approximately $525,000. Moors & Cabot Inc. acquired a new position in shares of Hasbro in the 2nd quarter worth approximately $229,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Hasbro by 66.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 41,200 shares of the company’s stock worth $4,594,000 after purchasing an additional 16,400 shares during the last quarter. 79.86% of the stock is currently owned by 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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