Hasbro’s (HAS) “Buy” Rating Reaffirmed at Jefferies Group LLC
Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a note issued to investors on Friday. They presently have a $125.00 target price on the stock. Jefferies Group LLC’s target price suggests a potential upside of 8.79% from the company’s previous close.
A number of other brokerages also recently issued reports on HAS. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 price target (up from $100.00) on shares of Hasbro in a report on Thursday, July 13th. Finally, Argus began coverage on Hasbro in a report on Friday, June 16th. They set a “buy” rating and a $128.00 price target on the stock. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $106.40.
Hasbro (NASDAQ HAS) opened at 114.90 on Friday. The company has a market capitalization of $14.36 billion, a PE ratio of 25.54 and a beta of 0.92. Hasbro has a one year low of $76.14 and a one year high of $115.00. The company has a 50 day moving average price of $110.70 and a 200-day moving average price of $99.26.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The company had revenue of $849.70 million for the quarter, compared to analyst estimates of $818.27 million. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Analysts expect that Hasbro will post $4.94 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. raised its position in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC raised its position in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC acquired a new position in Hasbro during the first quarter worth $119,000. Finally, Meeder Asset Management Inc. acquired a new position in Hasbro during the first quarter worth $131,000. 78.61% of the stock is owned by hedge funds and other institutional investors.
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.
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