Hasbro (NASDAQ:HAS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.
A number of other brokerages have also issued reports on HAS. MKM Partners raised Hasbro from a “neutral” rating to a “buy” rating and boosted their target price for the company from $92.00 to $115.00 in a research report on Wednesday, August 15th. TheStreet raised Hasbro from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. SunTrust Banks boosted their target price on Hasbro to $108.00 and gave the company a “hold” rating in a research report on Tuesday, July 24th. Monness Crespi & Hardt lowered Hasbro from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 24th. Finally, ValuEngine raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus price target of $107.33.
Shares of NASDAQ HAS opened at $98.31 on Friday. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.11 and a current ratio of 2.69. Hasbro has a 52-week low of $79.00 and a 52-week high of $109.60.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.19. The company had revenue of $904.50 million for the quarter, compared to analyst estimates of $839.29 million. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. Analysts predict that Hasbro will post 4.75 earnings per share for the current fiscal year.
In other news, EVP Dolph Johnson sold 22,842 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $101.39, for a total transaction of $2,315,950.38. Following the sale, the executive vice president now owns 31,843 shares of the company’s stock, valued at $3,228,561.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wiebe Tinga sold 20,674 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $101.24, for a total value of $2,093,035.76. Following the sale, the executive vice president now directly owns 67,943 shares in the company, valued at approximately $6,878,549.32. The disclosure for this sale can be found here. Insiders have sold 106,645 shares of company stock worth $10,796,944 in the last ninety days. Corporate insiders own 9.90% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board grew its stake in shares of Hasbro by 75.2% during the second quarter. Canada Pension Plan Investment Board now owns 136,759 shares of the company’s stock worth $12,624,000 after purchasing an additional 58,710 shares in the last quarter. Dividend Assets Capital LLC acquired a new position in shares of Hasbro during the second quarter worth $2,578,000. Neuburgh Advisers LLC grew its stake in shares of Hasbro by 86.3% during the second quarter. Neuburgh Advisers LLC now owns 20,842 shares of the company’s stock worth $1,924,000 after purchasing an additional 9,656 shares in the last quarter. Burney Co. grew its stake in shares of Hasbro by 15.1% during the second quarter. Burney Co. now owns 38,805 shares of the company’s stock worth $3,582,000 after purchasing an additional 5,102 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Hasbro by 50.9% during the second quarter. FMR LLC now owns 71,531 shares of the company’s stock worth $6,603,000 after purchasing an additional 24,135 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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