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One Reason Hasbro (HAS) Stock Advanced Today

NEW YORK (TheStreet) -- Hasbro (HAS - Get Report) stock closed higher by 2.94% to $70.04 on Monday after the toymaker's estimates were raised at BMO Capital Markets following a strong fourth quarter performance.

The firm, which maintained its "market perform" rating and $78 price target, increased its 2015 fourth quarter estimates to $1.27 from $1.20 per share, bringing its full year estimates to $3.40 from $3.32 per share.

Hasbro's top brands like Nerf, My Little Pony, Pie Face and "Star Wars" sold well during the fourth quarter, BMO said in an analyst note this morning.

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"Hasbro benefitted from a strong performance for the overall toy industry, which we think grew by more than 5% in the U.S. and at a similar pace in many major markets around the world," analysts added.

The company's performance may have been better if not for the limited supply in retail stores, analysts noted.

Recently, TheStreet Ratings objectively rated this stock...