Hasbro, Inc. (HAS) Rating Lowered to Buy at BidaskClub
Hasbro, Inc. (NASDAQ:HAS) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.
Other research analysts have also issued reports about the company. Jefferies Group LLC started coverage on Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 price target for the company. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Thursday, June 1st. DA Davidson restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a research report on Tuesday, May 23rd. Argus started coverage on Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 price target for the company. Finally, Barclays PLC lowered their price target on Hasbro from $109.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $106.69.
Shares of Hasbro (HAS) traded down 0.28% during midday trading on Friday, hitting $97.55. The company’s stock had a trading volume of 1,515,537 shares. The firm has a 50-day moving average of $108.56 and a 200 day moving average of $101.46. Hasbro has a 12-month low of $76.14 and a 12-month high of $116.20. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 21.13 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. During the same period last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Hasbro will post $5.07 EPS for the current fiscal year.
In other Hasbro news, Director Alan G. Hassenfeld sold 280,906 shares of Hasbro stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $3,079,515.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 152,341 shares of Hasbro stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $100.50, for a total value of $15,310,270.50. Following the sale, the director now directly owns 29,140 shares of the company’s stock, valued at $2,928,570. The disclosure for this sale can be found here. Insiders have sold a total of 967,258 shares of company stock valued at $101,532,888 over the last ninety days. 11.00% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake 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 during the period. Teachers Advisors LLC boosted its stake 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 during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Hasbro by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 96,436 shares of the company’s stock worth $9,626,000 after buying an additional 2,030 shares during the period. Creative Planning boosted its stake in Hasbro by 11.5% in the first quarter. Creative Planning now owns 6,344 shares of the company’s stock worth $633,000 after buying an additional 652 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in Hasbro by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 33,959 shares of the company’s stock worth $3,389,000 after buying an additional 200 shares during the period. 78.23% of the stock is 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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