Morgan Stanley Reaffirms “Overweight” Rating for Hasbro (NASDAQ:HAS)

Morgan Stanley restated their overweight rating on shares of Hasbro (NASDAQ:HAS) in a research note issued to investors on Monday, Benzinga reports. They currently have a $77.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group boosted their price target on shares of Hasbro from $61.00 to $63.00 and gave the company a buy rating in a report on Friday, April 19th. TheStreet lowered shares of Hasbro from a c- rating to a d+ rating in a report on Tuesday, February 13th. DA Davidson boosted their price target on shares of Hasbro from $52.00 to $59.00 and gave the company a neutral rating in a report on Monday, April 29th. Bank of America boosted their price target on shares of Hasbro from $60.00 to $70.00 and gave the company a neutral rating in a report on Thursday, April 25th. Finally, StockNews.com raised shares of Hasbro from a sell rating to a hold rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $66.27.

Hasbro Trading Down 3.4 %

Shares of HAS stock opened at $60.33 on Monday. Hasbro has a 1 year low of $42.66 and a 1 year high of $73.57. The firm’s fifty day simple moving average is $58.16 and its 200 day simple moving average is $52.23. The firm has a market capitalization of $8.40 billion, a P/E ratio of -5.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.67. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. Hasbro’s revenue was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. As a group, sell-side analysts predict that Hasbro will post 3.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAS. Lindbrook Capital LLC lifted its position in Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after purchasing an additional 215 shares during the period. Treasurer of the State of North Carolina lifted its position in Hasbro by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock valued at $3,905,000 after purchasing an additional 220 shares during the period. Teacher Retirement System of Texas lifted its position in Hasbro by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock valued at $675,000 after purchasing an additional 246 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in Hasbro by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.