Hasbro (NASDAQ:HAS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.
HAS has been the topic of several other reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Thursday, September 14th. DA Davidson reissued a “buy” rating and set a $124.00 price target (up from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. UBS set a $104.00 price target on Hasbro and gave the stock a “hold” rating in a research report on Monday, November 13th. SunTrust Banks reissued a “hold” rating and set a $102.00 price target on shares of Hasbro in a research report on Thursday, October 12th. Finally, KeyCorp reissued a “buy” rating and set a $105.00 price target on shares of Hasbro in a research report on Tuesday, October 24th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Hasbro presently has an average rating of “Hold” and an average price target of $105.99.
Hasbro (HAS) traded down $1.80 during midday trading on Friday, hitting $94.07. The stock had a trading volume of 2,048,401 shares, compared to its average volume of 973,641. The firm has a market cap of $11,716.98, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.88 and a beta of 0.86. Hasbro has a fifty-two week low of $77.20 and a fifty-two week high of $116.20. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.15. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. equities analysts expect that Hasbro will post 5 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its position in shares of Hasbro by 2.9% in 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 in the last quarter. Cypress Capital Group increased its holdings in shares of 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 during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Hasbro in the 3rd quarter valued at approximately $307,000. Stonebridge Capital Advisors LLC increased its holdings in shares of 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 during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of 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 during the last quarter. 79.83% of the stock is currently owned by institutional investors.
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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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