Hasbro (NASDAQ:HAS – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $79.00 price target on the stock, up from their prior price target of $72.00. Citigroup’s target price would suggest a potential upside of 16.30% from the company’s current price.
A number of other brokerages have also issued reports on HAS. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wall Street Zen upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Morgan Stanley increased their price objective on Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, May 29th. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $81.25.
Get Our Latest Stock Analysis on HAS
Hasbro Stock Performance
Hasbro (NASDAQ:HAS – Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The firm had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same quarter last year, the company posted $0.61 earnings per share. Hasbro’s revenue was up 17.1% on a year-over-year basis. Equities research analysts forecast that Hasbro will post 4.33 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Commerce Bank lifted its holdings in shares of Hasbro by 1.2% during the fourth quarter. Commerce Bank now owns 14,540 shares of the company’s stock worth $813,000 after buying an additional 171 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after acquiring an additional 178 shares in the last quarter. Keybank National Association OH raised its position in Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock worth $301,000 after purchasing an additional 180 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after acquiring an additional 186 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in Hasbro by 1.0% during the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company’s stock valued at $1,081,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.
About Hasbro
Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.
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