Hasbro Sees Unusually High Options Volume (HAS)
Hasbro (NYSE:HAS) saw some unusual options trading on Monday. Traders purchased 15,214 call options on the company, American Banking News reports. This represents an increase of approximately 461% compared to the typical volume of 2,711 call options.
A number of analysts have recently weighed in on HAS shares. Analysts at Citigroup Inc. upgraded shares of Hasbro (NYSE:HAS) from a “sell” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $53.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Hasbro (NYSE:HAS) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. Finally, analysts at Ned Davis Research upgraded shares of Hasbro (NYSE:HAS) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th.
Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus target price of $46.14.
Hasbro (NYSE:HAS) opened at 48.52 on Tuesday. Hasbro has a 52 week low of $34.91 and a 52 week high of $49.75. The stock has a 50-day moving average of $46.49 and a 200-day moving average of $45.67. The company has a market cap of $6.294 billion and a price-to-earnings ratio of 19.62.
Hasbro (NYSE:HAS) last announced its earnings results on Monday, July 22nd. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.06. The company had revenue of $766.30 million for the quarter, compared to the consensus estimate of $793.00 million. During the same quarter last year, the company posted $0.33 earnings per share. Hasbro’s revenue was down 5.6% compared to the same quarter last year. Analysts expect that Hasbro will post $2.88 EPS for the current fiscal year.
Hasbro, Inc, engaged in providing children’s and family leisure time products with a range of portfolio of brands and entertainment properties.
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