BidaskClub Upgrades Hasbro (HAS) to Hold

Hasbro (NASDAQ:HAS) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research firms have also recently commented on HAS. Wells Fargo & Co reissued a “market perform” rating and set a $95.00 target price (down previously from $100.00) on shares of Hasbro in a research note on Tuesday, October 24th. DA Davidson set a $124.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Stifel Nicolaus cut their target price on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Finally, Barclays raised shares of Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 target price for the company in a research note on Tuesday, October 24th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $109.87.

Hasbro (NASDAQ HAS) traded up $1.25 during mid-day trading on Thursday, hitting $97.73. 2,910,000 shares of the stock were exchanged, compared to its average volume of 2,081,006. The stock has a market capitalization of $12,172.86, a PE ratio of 31.32, a P/E/G ratio of 1.58 and a beta of 0.86. The company has a quick ratio of 2.11, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. Hasbro has a twelve month low of $87.92 and a twelve month high of $116.20.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. equities research analysts expect that Hasbro will post 5.37 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock valued at $105,000 after purchasing an additional 1,065 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Hasbro in the 4th quarter valued at about $131,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Hasbro in the 4th quarter valued at about $136,000. Highstreet Asset Management Inc. boosted its holdings in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after purchasing an additional 812 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in Hasbro in the 2nd quarter valued at about $229,000. 79.32% of the stock is owned by institutional investors.

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About Hasbro

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.

Analyst Recommendations for Hasbro (NASDAQ:HAS)

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