Hasbro (NASDAQ:HAS) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Hasbro (NASDAQ:HAS) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Several other equities analysts have also recently commented on the company. Citigroup boosted their target price on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Monness Crespi & Hardt lifted their price target on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Wolfe Research upped their price objective on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their price target on shares of Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $89.25.

Hasbro Trading Down 0.1%

Shares of Hasbro stock opened at $76.57 on Friday. The company’s 50-day moving average price is $76.19 and its 200-day moving average price is $73.07. The company has a market cap of $10.74 billion, a price-to-earnings ratio of -19.09, a PEG ratio of 0.98 and a beta of 0.61. Hasbro has a 12-month low of $49.00 and a 12-month high of $82.19. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. Hasbro’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. On average, equities analysts expect that Hasbro will post 4.33 earnings per share for the current fiscal year.

Insider Activity at Hasbro

In other news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,359 shares of company stock valued at $2,970,828. Insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new position in Hasbro in the second quarter worth about $25,000. MUFG Securities EMEA plc purchased a new position in shares of Hasbro during the 2nd quarter worth approximately $28,000. SBI Securities Co. Ltd. raised its position in shares of Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after acquiring an additional 269 shares in the last quarter. First Horizon Corp purchased a new position in shares of Hasbro in the 3rd quarter valued at approximately $29,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Hasbro during the second quarter valued at approximately $35,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.