Hasbro (NASDAQ:HAS) Stock Rating Upgraded by Zacks Research

Hasbro (NASDAQ:HAS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research firms have also recently weighed in on HAS. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 14th. Roth Mkm set a $120.00 price objective on Hasbro in a report on Wednesday, February 11th. Jefferies Financial Group raised their target price on Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Morgan Stanley boosted their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Monness Crespi & Hardt increased their price target on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.64.

Hasbro Stock Down 1.8%

Hasbro stock opened at $86.38 on Wednesday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro has a one year low of $64.85 and a one year high of $106.98. The company has a 50-day simple moving average of $92.63 and a 200-day simple moving average of $89.81. The firm has a market capitalization of $12.22 billion, a P/E ratio of -52.04, a P/E/G ratio of 2.17 and a beta of 0.52.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. Hasbro’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS. As a group, equities analysts expect that Hasbro will post 5.96 earnings per share for the current year.

Hedge Funds Weigh In On Hasbro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAS. Huntington National Bank boosted its stake in shares of Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after acquiring an additional 114 shares during the period. Signaturefd LLC raised its stake in Hasbro by 6.4% in the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after acquiring an additional 137 shares during the period. Personal CFO Solutions LLC lifted its holdings in Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after purchasing an additional 137 shares during the last quarter. Severin Investments LLC lifted its holdings in Hasbro by 3.1% during the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after purchasing an additional 137 shares during the last quarter. Finally, Root Financial Partners LLC boosted its position in Hasbro by 21.3% during the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after purchasing an additional 137 shares during the period. 91.83% of the stock is owned by institutional investors.

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.