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

Hasbro (NASDAQ:HASGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other research firms have also recently commented on HAS. The Goldman Sachs Group dropped their target price on shares of Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a report on Friday, January 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. Morgan Stanley raised their target price on shares of Hasbro from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Monday. Wolfe Research boosted their target price on shares of Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Finally, UBS Group increased their price target on Hasbro from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $94.64.

Check Out Our Latest Report on Hasbro

Hasbro Price Performance

Hasbro stock opened at $93.84 on Friday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. Hasbro has a 52 week low of $49.00 and a 52 week high of $97.41. The stock has a market capitalization of $13.17 billion, a P/E ratio of -23.40, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56. The stock has a fifty day moving average of $85.49 and a 200-day moving average of $80.19.

Insider Activity at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Hasbro

A number of institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro during the second quarter worth about $25,000. First Horizon Corp acquired a new stake in Hasbro during the 3rd quarter valued at approximately $29,000. MUFG Securities EMEA plc bought a new position in Hasbro during the 2nd quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Hasbro in the 3rd quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Hasbro in the 2nd quarter valued at $35,000. Institutional investors own 91.83% of the company’s stock.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

About Hasbro

(Get Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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Analyst Recommendations for Hasbro (NASDAQ:HAS)

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