Hasbro, Inc. (NASDAQ:HAS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $68.17.

Several research firms have issued reports on HAS. Monness Crespi & Hardt raised their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. DA Davidson raised their target price on shares of Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Bank of America raised their target price on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. TheStreet cut shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Finally, Jefferies Financial Group raised their target price on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th.

Institutional Trading of Hasbro

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Hasbro by 0.4% during the third 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 period. Capital Research Global Investors raised its stake in shares of Hasbro by 27.0% during the fourth 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 period. Cooke & Bieler LP raised its stake in shares of Hasbro by 31.6% during the fourth 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 period. London Co. of Virginia grew its position in shares of Hasbro by 1.0% during the third quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock worth $147,188,000 after buying an additional 21,634 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Hasbro during the first quarter worth approximately $82,523,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $60.66 on Wednesday. Hasbro has a 12-month low of $42.66 and a 12-month high of $73.57. The stock has a market capitalization of $8.45 billion, a P/E ratio of -5.98, a P/E/G ratio of 0.97 and a beta of 0.67. The firm’s 50-day moving average is $58.45 and its two-hundred day moving average is $52.49. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93.

Hasbro (NASDAQ:HAS) last released its quarterly 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 negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same period last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. Equities analysts predict that Hasbro will post 3.66 earnings per share for the current year.

Hasbro Company Profile

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.