Hasbro, Inc. (NASDAQ:HAS) Rating Reiterated by DA Davidson
Hasbro, Inc. (NASDAQ:HAS)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a report issued on Saturday. They presently have a $118.00 price objective on the stock. DA Davidson’s price objective indicates a potential upside of 1.77% from the stock’s current price.
Several other equities research analysts have also weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a report on Friday. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Friday, July 14th. Stifel Nicolaus reiterated 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. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Argus began coverage on Hasbro in a report on Friday, June 16th. They set a “buy” rating and a $128.00 price target for the company. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Hasbro presently has a consensus rating of “Buy” and an average price target of $106.40.
Hasbro (NASDAQ HAS) traded up 0.91% on Friday, reaching $115.95. 1,321,097 shares of the company traded hands. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 25.77 and a beta of 0.92. The firm has a 50 day moving average price of $110.70 and a 200 day moving average price of $99.26. Hasbro has a 52-week low of $76.14 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $849.70 million during the quarter, compared to analyst estimates of $818.27 million. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. Equities research analysts predict that Hasbro will post $4.94 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Hasbro by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,001 shares of the company’s stock worth $30,883,000 after buying an additional 4,399 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Hasbro by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,930 shares of the company’s stock worth $306,000 after buying an additional 240 shares in the last quarter. Quadrature Capital Ltd raised its position in Hasbro by 106.7% in the fourth quarter. Quadrature Capital Ltd now owns 35,141 shares of the company’s stock worth $2,734,000 after buying an additional 18,141 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Hasbro by 1.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 280,928 shares of the company’s stock worth $21,855,000 after buying an additional 4,767 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Hasbro by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 278,233 shares of the company’s stock worth $21,644,000 after buying an additional 18,754 shares in the last quarter. 78.61% of the stock is currently owned by 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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