B. Riley Begins Coverage on Hasbro (HAS)

Research analysts at B. Riley assumed coverage on shares of Hasbro (NASDAQ:HAS) in a report issued on Thursday. The firm set a “buy” rating and a $108.00 price target on the stock. B. Riley’s target price points to a potential upside of 18.54% from the company’s previous close.

Several other brokerages also recently commented on HAS. Goldman Sachs Group restated a “buy” rating and issued a $118.00 price target on shares of Hasbro in a research report on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Thursday, September 28th. UBS set a $104.00 price objective on shares of Hasbro and gave the company a “hold” rating in a research note on Monday, November 13th. DA Davidson set a $124.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a research note on Monday, October 16th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and an average target price of $105.81.

Shares of Hasbro (NASDAQ:HAS) opened at $91.11 on Thursday. Hasbro has a one year low of $77.20 and a one year high of $116.20. The company has a market cap of $11,418.01, a P/E ratio of 19.55, a P/E/G ratio of 1.83 and a beta of 0.86. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 EPS. equities analysts predict that Hasbro will post 5 EPS for the current year.

Several large investors have recently added to or reduced their stakes in HAS. Parametric Portfolio Associates LLC lifted its holdings in Hasbro by 2.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 212,823 shares of the company’s stock valued at $20,786,000 after purchasing an additional 5,937 shares during the last quarter. Cypress Capital Group increased its position in Hasbro by 146.6% in the 3rd quarter. Cypress Capital Group now owns 5,500 shares of the company’s stock valued at $538,000 after acquiring an additional 3,270 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Hasbro in the 3rd quarter valued at about $307,000. Stonebridge Capital Advisors LLC increased its position in Hasbro by 9.1% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 8,258 shares of the company’s stock valued at $807,000 after acquiring an additional 690 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Hasbro by 21.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,336 shares of the company’s stock valued at $814,000 after acquiring an additional 1,453 shares in the last quarter. 79.35% of the stock is owned by institutional investors.

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Hasbro Company Profile

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.