Hasbro (NASDAQ:HAS – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
A number of other research firms also recently weighed in on HAS. Bank of America raised their price target on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Argus lifted their target price on Hasbro from $70.00 to $75.00 in a research note on Friday, August 4th. DA Davidson reiterated a “buy” rating and set a $80.00 target price on shares of Hasbro in a research note on Monday, August 7th. Finally, Stifel Nicolaus lifted their target price on Hasbro from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.64.
Hasbro Trading Up 1.1 %
NASDAQ:HAS opened at $72.79 on Tuesday. Hasbro has a 1-year low of $45.75 and a 1-year high of $83.25. The business’s 50-day moving average price is $65.48 and its two-hundred day moving average price is $59.41. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of -39.35, a PEG ratio of 2.85 and a beta of 0.73.
Hasbro (NASDAQ:HAS – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. Hasbro had a positive return on equity of 16.12% and a negative net margin of 4.61%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. On average, equities analysts expect that Hasbro will post 4.07 earnings per share for the current year.
Hedge Funds Weigh In On Hasbro
Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in Hasbro by 325.3% during the second quarter. Capital Research Global Investors now owns 9,903,742 shares of the company’s stock valued at $641,465,000 after purchasing an additional 7,575,265 shares during the period. State Street Corp grew its holdings in Hasbro by 2.4% during the second quarter. State Street Corp now owns 7,054,891 shares of the company’s stock valued at $456,945,000 after purchasing an additional 166,294 shares during the period. Marshall Wace LLP grew its holdings in Hasbro by 595.1% during the second quarter. Marshall Wace LLP now owns 3,843,734 shares of the company’s stock valued at $248,959,000 after purchasing an additional 3,290,766 shares during the period. Morgan Stanley lifted its position in shares of Hasbro by 232.3% during the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after acquiring an additional 2,541,129 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Hasbro by 10.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,085,257 shares of the company’s stock worth $188,232,000 after acquiring an additional 286,248 shares in the last quarter. 82.84% of the stock is owned by institutional investors.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.