Hasbro (NASDAQ:HAS) Rating Lowered to “Buy” at Wall Street Zen

Hasbro (NASDAQ:HAS) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other brokerages also recently weighed in on HAS. Wolfe Research lifted their price target on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Seaport Res Ptn upgraded shares of Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Bank of America boosted their price objective on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, UBS Group increased their target price on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.25.

Hasbro Stock Down 0.1%

HAS opened at $86.64 on Friday. The firm’s 50 day simple moving average is $81.24 and its two-hundred day simple moving average is $78.45. The company has a market capitalization of $12.16 billion, a PE ratio of -21.61, a PEG ratio of 1.56 and a beta of 0.55. Hasbro has a 1-year low of $49.00 and a 1-year high of $89.20. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.Hasbro’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 EPS. As a group, equities analysts forecast that Hasbro will post 4.33 EPS for the current year.

Insider Transactions at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Hasbro during the 4th quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares during the period. Finally, Focus Partners Wealth bought a new position in Hasbro during the 1st quarter valued at about $292,000. 91.83% of the stock is owned by institutional investors.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Analysts maintain a constructive view — 14 covering firms give Hasbro a consensus “Moderate Buy”, supporting upside from continued analyst backing. Hasbro, Inc. (NASDAQ:HAS) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Management/product strategy appears to be shifting toward collector-focused, higher-margin offerings — a trend analysts say supports earnings momentum and could improve long-term mix and pricing power. What Hasbro (HAS)’s Earnings Momentum And Collector-Focused Brands Shift Means For Shareholders
• Positive Sentiment: New product waves reinforce the growth pipeline: multiple Transformers releases (Tiny Turbo Changers, Studio Series Hot Rod), Star Wars Black Series figures, and a Netflix x Hasbro Monopoly tie-in could boost sales and licensing revenue if retail demand holds. Hasbro rolls out Transformers Tiny Turbo Changers this Spring Hasbro Brings Hot Rod Back With a New TRANSFORMERS: THE MOVIE Studio Series Figure Hell Yeah, an Action Figure Wave of ‘Star Wars’ Freaks ‘KPop Demon Hunters’ Monopoly Deal Game Hits Stores As First Release From Netflix and Hasbro Partnership
• Neutral Sentiment: Short-interest reporting shows effectively zero or unchanged short positions (odd/NaN reporting in the release), so short-covering is unlikely to be a near-term price driver based on the available data.
• Negative Sentiment: A recent Wall Street Zen downgrade trims sentiment for the name and could pressure the stock if other boutiques follow suit or if near-term sales miss expectations. Hasbro (NASDAQ:HAS) Stock Rating Lowered by Wall Street Zen

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.