Hasbro (NASDAQ:HAS) Reaches New 1-Year High – Here’s What Happened

Hasbro, Inc. (NASDAQ:HAS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $89.20 and last traded at $88.9350, with a volume of 34165 shares. The stock had previously closed at $88.68.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HAS shares. Citigroup increased their price objective on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $94.00 target price on shares of Hasbro in a research report on Sunday, December 14th. Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. UBS Group lifted their price target on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Hasbro Stock Up 0.5%

The firm has a 50-day moving average of $82.91 and a two-hundred day moving average of $79.12. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of -22.23, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $1.73 EPS. Hasbro’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Hasbro

A number of institutional investors have recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter worth $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the 2nd quarter valued at $28,000. First Horizon Corp bought a new stake in Hasbro in the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC acquired a new position in Hasbro during the third quarter worth $34,000. Finally, Pittenger & Anderson Inc. acquired a new position in Hasbro during the second quarter worth $35,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.