Hasbro (NASDAQ:HAS) Stock Rating Upgraded by StockNews.com

Hasbro (NASDAQ:HAS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other equities research analysts have also recently weighed in on HAS. Jefferies Financial Group lifted their price objective on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Roth Mkm lifted their price objective on Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, April 8th. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. DA Davidson reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of Hasbro in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.73.

Hasbro Price Performance

HAS stock opened at $64.97 on Wednesday. The business has a fifty day moving average of $54.16 and a two-hundred day moving average of $51.14. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.73. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of -6.06, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter last year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was down 24.3% compared to the same quarter last year. As a group, research analysts anticipate that Hasbro will post 3.26 earnings per share for the current year.

Institutional Trading of Hasbro

A number of institutional investors have recently bought and sold shares of HAS. Vanguard Group Inc. lifted its holdings in shares of Hasbro by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock valued at $1,041,879,000 after purchasing an additional 55,258 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Hasbro by 27.0% in the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Hasbro by 76.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock valued at $217,063,000 after purchasing an additional 1,423,517 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Hasbro by 31.6% in the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after purchasing an additional 765,898 shares during the last quarter. Finally, London Co. of Virginia lifted its holdings in shares of Hasbro by 1.0% in the 3rd quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock valued at $147,188,000 after purchasing an additional 21,634 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

About Hasbro

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.